The time has come for Asia equities

Since the end of last year, we have been gradually increasing the beat of our Asia Pacific portfolio. We believe now is the time to accumulate equities in the region: valuations are attractive relative to other equity asset classes and earnings forecasts have become more realistic. In an increasingly globalised economy, no country is insulated from the economic slowdown and a number of Asian countries rely heavily on their export sectors. Taiwanese electronics companies reported poor sales for May and Taiwanese exports fell 23% over the month. But, although further earnings downgrades...