UK PRESS: Institutional investors plan to increase their exposure to
Asia in 2010 even though many admit that they lack knowledge and
expertise in the region, the Financial Times reports citing a survey by
the Economist Intelligence Unit. Just a fifth of respondents think that
the Asian growth story is over-hyped, with a similar minority believing
that the region’s recovery from the crisis has been a product of fiscal
expansion and is not sustainable. “An important shift is now gaining
momentum, as institutional investors increasingly view Asia as an
attractive investment destination and a strategic asset holding,” said
Carlo Venes, head of institutional business at Fidelity International,
the fund management company which commissioned the survey.