NEW YORK (TheStreet) -- TheStreet's Gregg Greenberg is with Brian Singer, portfolio manager for the William Blair Macro Fund, discussing the recent move in Chinese equities and whether it presents investors with an opportunity.
The Shanghai Composite fell over 5% on Monday, and according to Singer, there is a solid opportunity there for long-term investors. He plays China mostly through large- and small-cap Chinese exchange-traded funds.
He added that investors can also get long exposure through specific positioning via the yuan, the Chinese currency.
Singer, who has a bright understanding of how money flow affects the globe, also revealed that he was long European equities and short European bonds. Specifically, he is short German and Swiss bonds, although acknowledged that he has recently reduced his short Swiss bond exposure.
He also told Greenberg that Japan is not a great place to be in right now. Although equities presented a great investment opportunity in the beginning of the year, they are no longer attractive.
Likewise, Japanese bonds are also unattractive, noting that he still holds a short position in them, although it has been reduced in recent weeks.
So what does Singer like? He said that in the currency market, he likes being short the Brazilian real, the Australian dollar and the New Zealand dollar, while being long the British pound and the U.S. dollar.
Bret Kenwell currently writes, blogs and also contributes to Rocco Pendola's Weekly Options Newsletter. Focuses on short- to intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.