Smaller Asian countries hit by liquidity concerns

The smaller Asian markets are being neglected due to liquidity concerns, with the majority of fund managers preferring Korea and Taiwan. The under-owned nature of these markets has thrown up some interesting opportunities, according to fund managers, with both Thailand and Indonesia offering significant upside potential. Hugh Young, head of emerging markets at Aberdeen Asset Management, says all world markets have bounced on the back of predictions that the US economy will recover in the second half of 2002. The Thai economy, in particular, has been dragged along by this bounce and ...