Korean won among top global currencies: Investec AM

Investec Asset Management's Thanos Papasavvas is tipping the Korean won to be among the top global currencies over the next year.

Papasavvas, who heads up $5.3bn of active currency funds at the group, believes the won will continue to show strength on the economic resilience of Asia. "Asian currencies tend to limit appreciation, there political as well as interventionist approaches to prevent the currencies from strengthening, but the Korean won is the most liquid and less-interventionist of the region," Papasavvas told CNBC. "So the Korean won is the way of way expressing an overweight pro-Asia and pro-EM bias. "However, we apply positions in a diversified manner - with overweights in the Korean won, Singapo...