Smell the money in Asia
Asia is still the place to be to make big bucks.
That’s the upbeat message from Baring Asset Management, which is betting on Asia to deliver some of the best returns during a recovery. The only question is when’s the recovery coming?
“The market may still have further to fall but the evidence suggests that when a recovery does happen, Asia’s equity market rally is likely to outstrip many other markets around the world, particulary the developed markets,” Baring’s head of Asian multi-asset Khiem Do says.
Barings based its research on its analysis of MSCI data. The research shows that the 18 rallies (a rise of 20 percent from the bottom to the next turn in the market) seen in Asian markets since Dec. 1987, when MSCI launched Asian indices, produced on average, returns of 43 percent in U.S. dollar terms in six months.