Although traditionally seen as a growth play, asia is beginning to pay out dividends, according to prudential's Chief investment officer Nick Scott
No one has ever bought Asian stocks for any other reasons than pure growth but now they are starting to pay out dividends, according to Nick Scott, chief investment officer, regional mutual funds, at Prudential Asset Management. 'I genuinely believe Asia is a good place to make absolute returns,' he said. The massive rise in foreign ownership of Asian equities has been the most important development in Asia in recent years, Scott said. He gave the example of Korea which has seen a rise in foreign ownership from around 5% in 1993 to above 30% by the end of 2001. Taiwan has also risen...
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