UK investment house plans 3 Asia-themed funds
Threadneedle cites how listed firms in the region are being more efficient
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 moderation'."
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