Asia's structural changes lead to attractive prospects for Aberdeen

A big change in the way Asian companies think and behave means that investing in the Far East ex-Japan region is more attractive than it has been for 10 years. That is the view of Devan Kaloo of Aberdeen's Far East Emerging Economies Fund. 'As a result of the emerging markets crisis in 1997 Asian companies' behaviour has undergone a big overhaul. Balance sheets have improved, profitability is rising, but valuations are low compared to the rest of the world. Added to a positive economic backdrop it makes a very good story for Asia ex- Japan,' he says. To understand the significance of ...