TPP to reshape stock portfolios: fund managers

Washington

BUY Japan. Buy Vietnam. Buy US media stocks. Buy Mexican food stocks. Sell China.

For investors wanting to take advantage of the Pacific Rim free trade pact that appears to be nearing completion, that's what a savvy stock strategy might look like.

The 12 nations of the Trans-Pacific Partnership (TPP) could wrap up an agreement in coming weeks, after the pact cleared a major US hurdle with Congress' decision to give broad negotiating authority to President Barack Obama.

The deal, which covers 40 per cent of the globa…