Emphasis on risk key to returns

An emphasis on risk as well as reward is key to delivering sustained absolute and relative returns in Asia, according to David Gait, a senior analyst at First State Investments. 'Asian equities offer many attractions on a relative and absolute basis but are also volatile and risky,' he said. Gait feels it is not a case of being risk averse but rather risk aware, as Asian markets are more prone to overheating and are more often a case of feast or famine than more developed markets. 'Asian markets are immature, they lack breadth and depth and depend on short-term foreign capital,' he...