Our outlook for Far Eastern equities in the near term is one of cautious optimism. Activity in the ...
Our outlook for Far Eastern equities in the near term is one of cautious optimism. Activity in the region's markets should be affected both by near-term nervousness about the prospects for rising US interest rates and inflation, and the global correction in new economy names, which have also been leaders in Far Eastern stock indices. We believe patient investors should enjoy what we ultimately expect to be a significant long term appreciation trend. Many Far Eastern markets are trading at valuation levels that are compellingly low based on earnings for 2001 and beyond. Valuations in c...
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