Chindia de-coupling theory doesn't hold up - Morningstar

While bullish on the long-term growth potential of the burgeoning economies, Morningstar analyst Ash Kumar believes the de-coupling “buzz word” is still far from the reality. He says funds in the Morningstar Asia Pacific ex Japan, as well as the India and China equity categories, are “caving in” as US recession fears mount. “The performance of Asian stock markets vis-à-vis the US, European and UK markets unfortunately suggests that the US contagion has reached the Asian shores, pouring cold water over the de-coupling theory,” Kumar says. “In January, China was the worst performing market...