Investors could find Asia an attractive proposition in relative terms as growth becomes harder to find across the globe, according to Fidelity International head of investment services Maria Abbonizio.
“There is very attractive growth in Asia, there is more value in the market than we have seen for some time and sub-prime is also not an Asian problem,” she explains. She also believes the dominant economy of the region, China, is set to remain robust despite the concerns of some investors. “If the US does go into recession it would be naïve to think China wouldn’t be affected. But the Government’s balance sheet is very strong and they are able to add to domestic demand which is higher than it has been.” The impact on China of hosting the Olympics will be centred on improved infras...
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