Howard said slower growth will hit investors with stakes in Chinese companies in the short term.
But he added that China still has "plenty of tools to engineer a recovery." And when that happens, those investors could win.
China has been pumping more cash
into its flagging economy to spark growth and mitigate effects from the trade war. Chinese officials have also turned to tax cuts, infrastructure spending and looser monetary policy in an effort to spur more economic activity.
Experts warn that may not be enough.
No matter what, investors need to keep their eyes open as more Chinese debt equity and debt securities are added to the global stock market, Howard said.
Howard also warned against complacency in US markets.
Investors have to be "more vigilant" and "discerning," when putting together their portfolios, he said. Pockets of volatility mean investors "can't just ride winners because they won."
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