By Elizabeth Soon is head of Pacific Basin equities at Standard Life Investments The downturn in...
By Elizabeth Soon is head of Pacific Basin equities at Standard Life Investments The downturn in world equity markets has extended to the Pacific Basin. Over the past quarter, this area has shown increasing correlation with the US, a classic feature of a bear market. The change has brought equity valuations to levels that look attractive on a range of measures, both relative to other asset classes and on an absolute basis. While this tells us the market is not optimistic about the current situation, we believe a cyclical upswing in the economies and rising return on equity thro...
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