View more on these topics

Aberdeen sees potential investment opportunities in Asia

Following the recent sharp declines in Asian equities, any further share price corrections would be good for the financial health of the region and create opportunities for investors, says Aberdeen.

It adds that given an uneasy global market environment, 2008 is likely to be a much tougher year for Asian equities and investors need to be alert to specific risks.

Aberdeen says these involve the increasing possibility of a US recession, which would impact Asia’s export-related companies, unsustainable disparities in valuations both between and within markets and rising inflation.

Aberdeen Asset Management Asia Limited managing director Hugh Young says recent share price falls in Asia are not surprising.

He says: “Housing and credit market problems, record oil prices and rising inflation make the US economy increasingly fragile. We expect the nervousness that has been building in markets for the past couple of months to continue, with investors in Asia watching for signs of an export slowdown.”

Recommended

Abbey cuts fixed rates and launches new stepped products

Abbey has reduced rates on its long-term fixed rates and has launched new stepped products.The lender has reduced all three year fixed rate deals by 0.1 per cent and has launched new competitive 75 per cent loan-to-value ranges for two and five year deals.It has also cut 10 and 15-year fixed raets by up to […]

IMA attacks Nat Savings bond claims

The Investment Management Association believes National Savings & Investments is misleading customers in marketing its guaranteed equity bonds.In its response to a European Commission investigation, it disputes NS&I claims that “thousands of investors are playing the stockmarket without risking a penny”. It compared the first three issues of NS&I GEBs with three leading UK index-tracking […]

FSA ad seeks successor to McCarthy

The Treasury is advertising for a successor to FSA chairman Sir Callum McCarthy who is due to retire in September.Many in the industry believe the FSA will employ an external candidate following the internal appointment of Hector Sants as chief executive.The advertisement in the Financial Times says applicants should be able to demonstrate a proven […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment