Dresdner RCM favours Asian market recovery

Dresdner RCM is tipping Asia for economic recovery as consumer spending picks up and many countries in the region run balance of payment surpluses. Stuart Winchester, manager of the group's Oriental Assets fund, believes a long period of corporate restructuring and evolution means those companies that are left are now fit for growth. He highlights Korea and Thailand as two countries which are seeing improved liquidity conditions. 'Obviously a return to trend rate of growth in Japan and the US is beneficial to Asia,' said Winchester. 'The falling dollar and albeit limited recovery in...