Asian domestic stories remain strong while exports struggle

The domestic story continues in Asia as managers remain bullish on the region. Both the Atlantis Asia Special Situations fund and Occo Asia fund have been favouring Asian domestics while moving away from IT companies, which have been involved in exports. James Wier, analyst at Atlantis, says: "Domestic stories we favour include banking stocks in Korea where we have an overweight position. "This sector has been reducing its costs through consolidation and will benefit from a strong economy as consumers wish to borrow money to spend on goods and services." Meanwhile, the Occo Asia fund ...