Fund manager's comment/Ashok Shah
Asia's economies fall into two categories: those that are more closed, such as China and India, and those that are more export-dependent. It is not difficult to see which of the two will produce higher growth in the near future. While Chinese exports are slowing, along with those elsewhere in Asia, GDP is expected to remain high and the outlook remains optimistic. Domestic interest rates are low and real rates are even lower, affording limited opportunities for savers, who have been investing in equities instead. Indian GDP is also likely to be high by Asian standards, although...
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