situation in us to have knock-on effect and market recovery may take longer than expected
Heightened uncertainty following the terrorist attacks in the US has driven many Far Eastern fund managers towards aggressive growth opportunities in Hong Kong and China, while others have sought safety in cash. The moves are the results of market uncertainty about whether an economic recovery has been delayed and perceived opportunities resulting from a slump in valuations. The latest research by offshore fund research specialists Forsyth Partners shows most Far Eastern funds are heavily weighted towards Hong Kong/China. Hugh Young, managing director of Aberdeen Asia, said: 'From ...
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