Goldman ADR stock picks: --------------------------- China ADRs We continue to recommend China ADRs as one of the ways for investors to raise their China exposure. We screen for ADRs that have strong fundamentals and would also potentially benefit from the passive flows from MSCI index inclusions in November as per the criteria below: a) Buy rated by GS/GH analysts b) A member of the MXOCN index (i.e., the 14-ADRs that are going to be included in MSCI China in November) c) Stocks that EM funds would potentially be UW post the ADR inclusion and hence could see passive inflows. We highlight Soufun, Jumei, VIPShop, Alibaba and Baidu as our preferred stocks that meet the above criteria.
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