Navigating the Investing Complexities of China

After the most rapid industrial transformation in the history of the world, China is too big and important for investors to ignore but sits at a crossroad that presents opportunities among some significant risks. Investing success will require an understanding of China's long-range plans and politics, currency, and key trends/concerns in order to truly understand long-term fundamentals that will benefit equities. And, it will be paramount for investors to find companies that not only benefit from favorable trends but also have sizable competitive advantages and high-quality fundamentals. This paper from Chautauqua Capital will address the complexities and resulting opportunities.

Read the full whitepaper.

 

Chautauqua Capital Management is a division of Robert W. Baird & Co. The opinions are those of the author and subject to change.

Past performance does not guarantee future results and diversification does not ensure a profit or protect against loss. All investments carry some level of risk, including loss of principal. Investments in international and emerging markets securities and American Depository Receipts (ADRs) are subject to certain inherent risks including difficulty predicting international trade patterns, currency fluctuations and the possibility of imposition of exchange controls, foreign taxes and regulations, lack of uniform accounting, and the potential for illiquid markets and political or economic instability. These risks are more pronounced in emerging market countries.

All investments carry some level of loss of principal. The fund invests in the stocks of international companies. These companies often are more volatile and can represent more risks than U.S.-based companies. The Fund may have a relatively high percentage of assets in a particular country, region or sector of international markets – as well as in a small number of issuers. As a result, a decline in the value of an investment in a single region, sector or issuer and ADRs are subject to certain inherent risks, such as political or economic instability, difficulty predicting international trade patterns, currency exchange rates. lack of uniform accounting and financial reporting standards and the possibility of imposition of exchange controls. These risks are more pronounced in emerging market countries. Mid-cap stocks perform differently from large-cap stocks, as mid-cap stocks may be less liquid and more volatile than large-cap stocks.

Investors should carefully consider investment objectives, risks, charges and expenses of the fund carefully before investing. This and other important information can be found in the prospectuses or summary prospectus. A prospectus or summary prospectus may be obtained by visiting bairdfunds.com or calling 800-442-2473. Please read the prospectus or summary prospectus carefully before you invest or send money.