UK investment house plans 3 Asia-themed funds

MUCH of the world might be steering clear of Asian equities for now, but once it gets regulatory approvals, London-based Threadneedle Investments is about to start offering not one or two, but three Asian-themed funds here.

Ng Soo Nam, Threadneedle's head of Asian equities, said at a media briefing yesterday that the macroeconomic picture for Asia is one of eventual stability, somewhat similar to the "great moderation" in the US from the mid-1980s all the way till the global financial crisis.

"We are starting to see signs of moderation mindset seeping into Asia - not a great moderation yet, but maybe a 'new moderatio…