Legal & General is looking to overweight the Asian region, believing it offers higher growth at lowe...
Legal & General is looking to overweight the Asian region, believing it offers higher growth at lower cost than Europe, US and UK. David Rough, group director of investments at Legal & General, said he was looking to take advantage of the fact that P/Es have fallen to low levels following the Asian economic turmoil. He forsees earnings growth increasing amidst a pick up in Asian exports, strong GDP predictions, higher tourism levels and increased government spending. He said: "For companies in the Far East to survive they have to restructure and are now in a much leaner position today tha...
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