Fund managers likely to allocate more to Asia
Despite higher share price valuations, the regionÆs strong economies are a major attraction at a time when there is not much growth elsewhere in the world.
More money will come to Asia ex-Japan stock markets despite the already fast rising share price valuations. ThatÆs the bold prediction of Merrill Lynch strategists Mark Matthews and Willie Chan in Hong Kong, authors of a recent investment strategy report.In that report, they wonder if fund managers now have ôitchy trigger fingersö after seeing the MSCI Asia ex-Japan indexÆs total 12-month return now in excess of 60%. After all, on the past three occasions when Asian stock markets ros…
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