Australia is offering better opportunities than Asia for income investors, according to Jason Pidcock, manager of the £1.8bn Newton Asian Income fund.
Stock markets across Asia have fallen after news of the death of North Korean leader Kim Jong-il renewed fears of political instability in the region.
Barings' head of Asian equities Colin Ng is rotating his portfolio away from industrials and petro-chemical stocks that took a hit in the summer sell-off, and has been adding to banks.
Newton's Jason Pidcock is underweighting South Korea as he believes there is a strong possibility of integration with North Korea.