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Investors take a shine to Asia
With better macro-economic fundamentals and improved corporate earnings, it is one of the bright spots in emerging markets.
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Genevieve Cua
Published Tue, Jun 9, 2015 · 09:50 PM
ASIA is the "silver lining'' among global emerging markets, said Tan Min Lan, UBS Wealth Management head of the Asia-Pacific investment office.
This is because macroeconomic fundamentals in the region have improved, and corporate earnings are benefiting from lower energy and commodity prices.
Even so, the bank has a "slight underweight'' call on the emerging markets which includes Asia, preferring the Eurozone equities instead. UBS hosted a client luncheon yesterday to present its investment outlook for the second half of the year.
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