Hendersons bullish on Asian growth

Henderson's Andrew Beal has reacted to recent market volatility by increasing the cash position in h...

Henderson's Andrew Beal has reacted to recent market volatility by increasing the cash position in his TR Pacific trust. Speaking at the recent IW Investment Trust Forum, Beal said he has also reduced the vehicle's exposure to the Taiwanese liquid crystal display (LCD) panel manufacturer Au Optronics. However, he is confident about the continuing growth of the Asian market, especially China, which he said is being driven by globalisation and education. "The opportunities in China and India in the long term are huge," he added. "There is growing inter-Asian trade - Asia supplies China, wh...