Buying opportunities in Asia

The managers of the £1.13bn Alliance Trust expect to find strong buying opportunities in Asia resulting from the Sars virus. China now represents 1.5% of the global growth investment trust but manager Alan Young said this is likely to increase to more than 2% in coming months. Alliance is expecting Chinese shares to rise sharply once the country's markets have all reopened, in expectation that the government will pump in the necessary funds to support an economy which is being negatively influenced by Sars. Grant Lindsay, another manager on Alliance Trust, expects this share price b...