Why the battle for Asian equities is only half won: Bank of Singapore

SINGAPORE (Oct 14): Although the Bank of Singapore remains “neutral” on Asian equities, the research house still prefers them over the developed markets (DM) of US, Europe and Japan, which have been ranked at “underweight”.

James Cheo, an investment strategist at Bank of Singapore, is convinced that Asian equities have become relatively better than their developed market counterparts this year.

While Asia’s earning growth rate is currently still negative, he notes that Asian earnings are beginning to improve after three straight years of contraction.

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