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