FUND VIEW-ABN AMRO's China unit fund favours cyclical stocks

Newswire

By Dominic Lau HONG KONG, June 23 (Reuters) - Chinese cyclical stocks, such as automobile shares, are the top picks for ABN AMRO Asset Management, which recently launched the country's first umbrella fund with a local partner, its chief said on Monday. "We foresee there will be very strong growth in the next few years, and profit margins for these products -- passenger cars, pick-up trucks, commercial cars -- are very high at this moment," David Lee, chief executive officer for China, ...

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