» Asia Fund Poll: Managers More Positive On Stocks

Asia Fund Poll: Managers More Positive On Stocks

Filed under:

Asia News

Asia Fund Poll: Managers More Positive On Stocks

International fund managers have become more positive toward equities globally in the past month, citing strong earnings and attractive valuations in many countries.

Managers in the latest monthly survey by Dow Jones Newswires raised their average weighting slightly for equities in a global portfolio, leaving it at a slight overweight. They have a neutral view on cash and are slightly underweight on bonds, which they say suffer from unattractive yields.

“Within the mainstream asset classes, equities do seem to be able to offer a good enough absolute return in 2006,” says JF Asset Management, which manages around US$500 billion globally. “Bonds do not offer convincing value.”

Equities, fund managers say, should benefit from the global economic upturn.

More: sg.biz.yahoo.com

Related Travel Information

GLOBAL MARKETS-Metals boost mining stocks; Asia chip shrs gain

GLOBAL MARKETS-Metals boost mining stocks; Asia chip shrs gain Soaring commodities prices lifted mining stocks such as BHP Billiton (BHP.AX: Quote, Profile, Research), pushing Australia's main index to a record on Friday, and most other Asian share markets rose on gains in technology stocks. Gold matched a 25-year-high above $588 an ounce and platinum hit a record high as fund managers poured money into precious metals, while copper and zinc stayed close to new peaks reached on Thursday. "Fund operators are shifting back into metals ahead of the new quarter," said Koji Suzuki, market analyst at Livedoor Commodity Ltd. in Japan.

Asia Declines Despite Positive Tech Review

Asia Declines Despite Positive Tech Review NEW YORK (Dow Jones)--American depository receipts fell slightly Friday, with the greatest loss in Asia despite some positive technology news for LCD flat-panel makers. The Bank of New York index of ADRs fell 0.62 to 131.07. The Latin American index climbed 1.22 to 202.00, the Asian index fell 0.77 to 127.02, and the European index fell 0.70 to 130.82. An industry review showed LCD flat-panel displays are in stronger demand than originally expected, and two companies that benefited from the positive news were AU Optronics Corp. (AUO), which closed up 6% at $14.19, and LG

Deutsche Bank named largest foreign exchange house in Asia and globally for the second year running

Deutsche Bank named largest foreign exchange house in Asia and globally for the second year running Deutsche Bank has reinforced its position as the largest foreign exchange trading bank in Asia, and globally, according to a major global market share survey undertaken by respected capital markets magazine, Euromoney. The Euromoney 2006 survey gathered information from 6,322 wholesale foreign exchange clients globally, including corporate treasurers and fund managers. According to the results, Deutsche Bank is the pre-eminent foreign exchange trading house in Asia with 18.22% market share. UBS finished in second place in Asia while Goldman Sachs was in third place.

Actis closes $130m fund for South East Asia

Actis closes $130m fund for South East Asia Emerging markets private equity investor Actis has closed its Actis ASEAN Fund on $130m. Investors in the fund include private sector institutional investors from North America, Europe and Asia. Actis closed its Actis Malaysia Fund on $60m in 2004. Due to investor interest the firm then decided to increase the fund size and turn the Malaysia-focused fund into a fund investing across the ASEAN region. Actis ASEAN Fund will have a special focus on investments in Malaysia, and it will also focus on investment opportunities in Indonesia, the Philippines and Thailand. More : altassets.com

Asia Roundup: Technical rebound for regions stocks

Asia Roundup: Technical rebound for regions stocks HONG KONG: Asian stocks closed mostly higher yesterday in a technical bounce following a sell-off last week prompted by an unexpected increase in Chinese interest rates. Dealers said the sell-down had been over-done and created buying opportunities with sentiment strong enough to offset the negative impact of overnight falls on Wall Street. Shanghai was closed for a holiday. TOKYO: Share prices closed 1.35 per cent higher as a weaker yen, which helps exporters, encouraged buying ahead of a three-day national holiday. The Nikkei-225 index advanced 228.06 points to 17,153.77. Volume was 1.44 million shares, up from 1.32

Asia News