Mirae has high hopes for Asian consumer sector
Mirae Asset Global Investments expects consumer-related shares to surprise on the upside.
The Asian consumer sector is set to deliver stronger returns over the next 10 years than it has in the past decade, representing an attractive buying opportunity for 2009, according to Mirae Asset Global Investments (HK), a unit of the Mirae Asset Financial Group based in Korea.
As the global economy continues to see weakness in 2009, the earnings outlook for Asia's consumer companies will demonstrate much greater resilience compared to other more export-oriented sectors, Mirae Asset…
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