More QE in West will provide scope for positive surprises in Asia

ON ASIA

BlackRock's Nick Scott says the export dependent economies of North Asia will benefit from more quantitative easing in the West.

As the global economy edges forward in fits and starts, the relatively healthy fundamentals of the Asian markets continue to attract investor interest. For most Asian markets, 2010 has been a good year, although not on a par with the strong rebound seen in 2009. We maintain a positive view on regional markets for the coming year, although we are not the only ones to recognise the opportunities here. As a result, valuations in certain areas have become unattractive. Therefore, country, sector and stock selection, particularly in relation to the broader macro themes, will become more impor...