The UK fund house is underweight Chinese equities due to growth concerns, and has increased exposure to US and Japanese equities, expecting monetary easing to continue.
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The firm has tapped Marco Tang from JP Morgan AM in the newly-created role of head of sales, client service and business development across China, Hong Kong and Singapore.
Even though Philippine stocks are trading at a premium to Asian markets, investors are attracted by a strong domestic growth story. But that's not to say there aren't downside risks.