Legg Mason Asia manager rides out the storm

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Legg Mason's Asia ex Japan fund manager Curtis Butler's advice to investors in the region is to focus on stock selection and not be distracted by market volatility.

His decision to play the domestic consumption and infrastructure spending stories has paid dividend for the fund which has consistently outperformed its benchmark MSCI AC Asia Ex Japan index, including over the last quarter. “Domestic consumption in China and Korea will be a very good source of further performance and good earnings growth,” Butler says. “We also like transportation, including shipping, and infrastructure spending in Asia. Transportation and infrastructure is a global trade and Asia is at the forefront of the industry. We are also playing the Olymics through infrastructu...

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