Publication: CNBC The Call Date: November 25, 2009 Headline: Cashing in on China’s Ka-Ching Expert: Rob Lutts Abstract:
CNBC’s Sue Herera and Bill Griffeth sit down with Rob Lutts, CIO and president of Cabot Money Management, to discuss why now is the time to invest in China. “The financial service sector in China is an area that’s growing very rapidly. The area we are focused on is insurance, which has very low penetration. About 5 to 7 percent of all Chinese people have any insurance product at all. This is changing though as people are buying cars and homes and it is growing rapidly,” says Lutts.
