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Old Mutual says it&#39s time to buy in Asia

Fund manager Old Mutual is advising investors to get back into Asia.


Joint head of emerging markets Ashok Shah says: &#34Industrial production has stabilised and the latest figures show some sharp recoveries as the favourable swing in the trade balance compensates for domestic recession.&#34


Ashok says that the background of minimal inflation and rising currency rates mean that rates have fallen sharply and will stay low for some time to come.


He adds: &#34Trade surpluses continue so debts, especially high-cost, off-balance sheet debts are being paid down rapidly, restoring confidence among potential lenders to Asia.&#34

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