Asia is moving into a more stable growth period where investors will stand a far better chance of ma...
Asia is moving into a more stable growth period where investors will stand a far better chance of making money over the next three to five years, while Japan still faces tricky times, according to Hugh Young, managing director of Aberdeen Asset Managers Asia.
Young said growth in Asia is likely to be about 3%-5%. 'Asia should be relatively immune to the US sell-off as Asia ex-Japan is in a different cycle and at a different stage of its cycle', he said.
While coupling with US has not gone for good, he said, Asia is more and more about domestic drivers, so the US is no longer the be all and end all for the direction of Asian stock markets.
'You are seeing a whole new spirit among businesses in Asia. Companies are being managed better and far more for shareholders. There are exceptions and it has a lot further to go, but we have seen a turning point in Asia.'
Young will be speaking further on the prospects for Asia at a conference for top intermediaries and distributors in Hong Kong on Thursay 21 November 2002 at the Grand Hyatt Hotel.
A guest speaker at the conference will be Alexa Lam, executive director of intermediaries and investment products at the Securities and Futures Commission (SFC).
Ms Lam will be speaking on hedge funds, following the SFC's recent publication of rules and regulations on the sale of hedge funds in Hong Kong.
Also speaking at the conference on prospects for Asian markets will be Ian Beattie, head of Asian equities at New Star, and Alfred Ho, chief investment officer at Invesco.
Angus Coupland, regional investment manager at Jardine Fleming, will speak on Asian smaller companies, while Mike Gordon, chief investment officer Asia Pacific Region (ex-Japan) at Fidelity will deliver a speech on why investors should stick with equities.
Stewart Aldcroft, managing director of Investec will talk on how to use hedge funds in a portfolio. Robert Hegt, director of funds of funds services at Schroders, will talk on diversification, while Mark Rawson, regional director at Clerical Medical International Financial Management Services will focus on providing smooth returns and specific financial planning solutions.
The conference will be chaired by Paul Forsyth, managing director of Forsyth Partners.
Further information on this event, which is by invitation only, can be obtained from Lindsay King at [email protected]
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