Asian Trader: A Promising’ Net Bet in China
From The Wall Street Journal Asia:
"Ask fund manager Ryan Jacob what he thinks about Chinese Internet stocks, and you'll get a quick answer: "One of the best long-term growth opportunities."Volatile? Yes. Politically and economically risky? Natch. "But still, dollar for yuan, one of the best plays on China's present and future growth," he says.
Jacob should know, since he's bought and sold Internet stocks all over the world in his near-decade as a money manager. His Jacob Internet Fund (ticker: JAMFX) was one of the hottest-air balloons around in the late 1990s, but assets under management, which peaked at about $300 million in 2000, later plummeted to $10 million."