Fund Manager Sees Bottom for China Property Sector (Correct)

Global fund giant Loomis Sayles & Co. is turning more positive on China’s battered real estate sector, saying recent debt restructuring arrangements are bearing fruit and improved sentiment may result in a faster-than-expected bounceback.

Investors who wait too long may miss out on the rebound, according to Matt Eagan, a fund manager at Boston-based Loomis Sayles, which oversees $303 billion. Fellow asset manager Fidelity International also senses an opportunity, saying history shows investing in the surviving developers of a housing downturn can be very profitable.

Both Loomis Sayles and Fidelity are backing up their views with cold hard cash. ...