Target Asia for subprime immunity says F&C

Peter Dalgliesh, a fund manager at F&C, attributes the region’s strength to domestic demand, property price inflation and global infrastructure expenditure. He says: "As the manufacturing backyard of the developed world, Asia will inevitably suffer on the back of a revision in global gross domestic product (GDP) growth, but the abundance of liquidity in Asian financial markets, especially in China, has insulated the region from many of the problems emanating from the global credit squeeze. "The country's banks are well funded and comfortably in excess of the reserve requirement ratio i...