Diversification the key to Asia and EM resilience

Managers remain positive on Asia and emerging markets, highlighting economic diversification as driver of resilience through US credit crunch

Investment trust managers remain positive on Asia and emerging markets, highlighting their growing economic diversification as key to resilient growth through the US credit crunch. Henderson TR Pacific manager Andrew Beal said diversification of exporting has buoyed the area. "China is in the process of shifting from an economic growth model built largely on exports to the US and Europe to more domestic sources," he added. "Growing consumption in China, India and elsewhere in the region represents a new source of demand for energy, metals and soft commodities. "Markets in the key co...