Schroders urges investors to proceed with caution in Hong Kong

With a gain of more than 70% from its November lows, the Hong Kong market has now almost returned to early 2007 levels and investor risk appetite is normalising, albeit at a slow pace, Schroder Investment Management notes in a recent report. From here on, the fund house advises investors to proceed with caution. "The very conservative positioning has left many investors behind, and a more recent scramble to catch-up has provided further fuel to the equity rally," Schroders says. "How…