Is the euro typhoon heading for Asia? Figures from the Investment Management
Association (IMA) show that private investors have put their faith in the
China, India and their environs for some time now, but warnings from the
International Monetary Fund (IMF) suggest that the Eastern promise might be
waning thanks to the euro turmoil.
Over the past five years, according to IMA figures, net retail sales of Asia
Pacific funds excluding Japan were £2.1bn, compared to just £27m from UK All
Companies funds. "Everybody loves Asia as a long-term growth story,"
said Rob Burdett, the co-head of Thames River's Multi-Capital fund.
However, he acknowledged that these markets were not likely to emerge
unscathed from the current problems in the eurozone. Having already
underperformed over the past year, he said Asian markets would "move
with global growth perceptions whether we like it or not". Read Full
No comments:
Post a Comment