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With many developed countries weighed down with debt and facing years of sluggish growth, many investors are looking to the dynamic markets of emerging Asia as one of the most promising sources of long-term growth. Global financial institutions are therefore expanding their allocation to Asian asset classes in the hope of better returns and improved diversification, particularly in the context of weak growth in their domestic markets. But concerns about transparency and regulatory rigour across the region are still commonly cited as barriers to investment in Asia.
These are among the results of a global survey of 109 institutional investors conducted by the Economist Intelligence Unit in February 2010, sponsored by Fidelity International. The aim of the survey was to assess the appetite among international investment managers to deepen their exposure to the Asia-Pacific region and to gauge whether, in the view of these investors, Asian financial centres are in a position to overtake their Western counterparts.