Fears the European debt crisis could spread and increased political uncertainty resulted in Asian equities falling to their lowest level in 10 months during May.
Global markets are currently witnessing heightened risk aversion and it is difficult to judge when this will end. In Asia, net foreign sales of Asian equities were the highest in more than a decade. However, because of the ongoing turmoil in Europe, monetary policy will probably remain highly accommodative in most jurisdictions. As a result of this, Nomura, one of Witan Pacific’s investment managers, does not foresee a double-dip recession. Our view is we are currently going through a bull market consolidation phase. Aberdeen, the other manager in Witan Pacific’s portfolio, is encoura...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
