Scottish money cold on Asia

Conventional wisdom holds that Asia’s best equity story consists of tech stocks buoyed by investor momentum. That even if dubious dotcoms are no longer in fashion, incredible earnings growth and continuing demand from California make Asia hardware and telecom stocks today’s core holdings.Not in Scotland. In the damp, gray fastness of Edinburgh, fund managers have a distinctly sceptical view. Most initial public offering roadshows have to travel here, and it is often the toughest desti…