Brookfield, QIA eye China opportunities| Gulf Times – Gulf Times

Brookfield, QIA eye China opportunities| Gulf Times – Gulf Times

Bruce Flatt, CEO of Brookfield Corp, at the Qatar Economic Forum (QEF) in Doha on Tuesday.

Brookfield Asset Management Ltd and Qatar’s sovereign wealth fund continue to explore investment opportunities in China even as some other investors pull back from the world’s second-largest economy.“There are many global investors that are not interested in China anymore, but there a lot that are,” Brookfield Chief Executive Officer Bruce Flatt told a panel at the Qatar Economic Forum yesterday.“The local investors have money in China and are doubling down on investing in China,” he said. “A lot of the Middle Eastern investors think the Americans have gone away and so there is an amazing opportunity to put capital to work and generate higher returns.”The head of Qatar’s $510bn sovereign wealth fund agreed, and said the QIA would continue to deploy money into China as current prices provide an attractive entry point.“We have an allocation for China and we are focused on consumer related industries,” said Mansoor al-Mahmoud, chief executive of the Qatar Investment Authority. Referring to China’s large population and growing middle class, he said the QIA would maintain its future focus on the country.Speaking on the same panel, Franklin Templeton CEO