Flemings is neutral on the Far East but is looking to move to a positive stance once the volatility ...
Flemings is neutral on the Far East but is looking to move to a positive stance once the volatility in Nasdaq subsides. Over the long term it is positive on the market, according to Chris Tracey, investment director. The advantage in Asia, according to Tracey, is that it has already been through an economic crisis, which started with the collapse of the economy in 1997. As a result there has been strong corporate restructuring and the banking system, although weak, still has capacity to lend. He says: "Asia now looks to be at the right end of the cycle and we expect outperformance." Thi...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes