Nearly 90% of fund managers fear there is a risk of a bubble developing in Asian ex Japan stock mark...
Nearly 90% of fund managers fear there is a risk of a bubble developing in Asian ex Japan stock markets this year, according to Morningstar. The worrying data follows strong performance in the Morningstar ex-Japan index last year as it rose 57% in dollar terms. Although only 5% of 62 fund management groups contacted thought the risk was large, another 83% said that the risk was there to a limited extent while only 12% thought it was not there at all. Concern was most apparent over H-shares (domestic Chinese shares listed in Hong Kong). In all, 96% said the risk of overvaluation was alread...
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