Fund managers are increasingly positive on the longer-term outlook for Asia's New Economy stocks, des...
Fund managers are increasingly positive on the longer-term outlook for Asia's New Economy stocks, despite the repercussions of the falls seen on Nasdaq. To the start of May, the Asia technology sector had fallen around 15% since its high at the end of March, compared with the Nasdaq which stood around 27% off its peak. Robert Conlon, fund manager at Investec Guinness Flight, believes the sector in Asia has to some extent been unfairly de-rated, given its number of profitable businesses. He says: "The correction in the Nasdaq has largely been down to the much-hyped dot.com stocks which wer...
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