At a time when U.S. and European investment giants are pouring money into China's growing fund industry through joint ventures, a leading portfolio manager is using a different strategy to take advantage of the country's expected economic boom: investing in American companies that are looking to expand in China.
Thomas Marsico, founder of
Marsico feels this is a better strategy than foreign direct investment in China because of the stricter accounting and governance standards that U.S.-based companies must adhere to.
The Chinese economy grew 9% last year, according to the
Marsico, who along with his team of 19 investment professionals watches out for one-of-a-kind growth companies to invest in, has achieved superior results for his fund company in the last two years. The Marsico Growth Fund holds, among others, stakes in companies such as
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