LG Asia fund is targeted at bank sector

Lloyd George Management is favouring Hong Kong, China and Korea in its Far East excluding Japan Oeic with a bias towards the banking sector. Adaline Ko, who runs LG Eastern Opportunities, said the Chinese economic recovery will be boosted by China's entry into the World Trade Organisation (WTO). She added the Hong Kong market continues to surprise on the upside with export growth of 19% between January and April this year. Ko said: "A major economic turnaround in China is demonstrated by expansion in GDP, exports, retail sales, investment and money supply. Deflation is easing and should s...