Not time to pull back, say fund managers
As investors begin to take profits, fund managers argue that Asian equities will continue to outperform thanks to economic growth.
According to the JF Investor Confidence Index, a quarterly poll measuring investor sentiments in Hong Kong, local investors are beginning to take profits after a series of record-breaking index performances in recent days. There is continual preference for China, Europe and Asia for overseas investment, but it is unlikely that local punters will increase their stakes in the coming quarter.Perhaps this is why a number of fund houses have recently urged investors to stay invested. Over …
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