Ignis Pacific Growth manager sees Asia inflation peak in Q2

Ignis' Diamond Lee believes Asia will have a major inflation problem in the second half of the year, causing markets to become more risk averse.

However, in the meantime, the £97m Pacific Growth manager said now is the time to take advantage of the “calm before the storm” and make as much profit as possible for investors. “Asia as a whole asset class is in the eye of an inflation storm. With Chinese New Year, and people spending more money on food and celebrations, inflation is naturally higher at this time of year so the markets expect it, but the problems will come later. This is the breathing space and the time to take money before becoming more risk averse later in the year.” Lee, who has worked in fund management for 17 y...