The Far East continues to proffer profitable fascination for fund managers as Mike Kerley, Portfolio Manager of Henderson's Far East Income fund confirms.
He’s just realigned his portfolio with increased weighting in China, Singapore and Thailand. “In the last month we bought property developer Guangzhou R&F in China due to its strong results and the improving outlook for the Chinese property sector. We also added CapitaMall Trust, Singapore’s largest real estate investment trust, which gives the fund exposure to the thriving consumer sector in Singapore. Another addition was Krung Thai Bank, which we feel offers positive outlook for loan growth.” Mr Kerley justifies this buying spree with a confirmation that Asia Pacific equities con...
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