Sensing that China may burst its bubble sooner rather than later, fund managers are beginning to pull money out of that market, Daisy Maxey
reports in today's WSJ FundTrack
. Justin Leverenz, who runs the Oppenheimer Developing Markets Fund, tells Maxey that his fund now has "extraordinarily lean" exposure to Chinese stocks. Maxey says other fund managers are also pulling money out of the Chinese market; however, they are still investing in H shares, or those of Chinese companies listed on Hong Kong's stock exchange.
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