“A lot of the problems the west is dealing with right now around speculative bubbles, over-stimulus, inflationary pressure and scarcity of labour – all these factors don’t exist in Asia,” said Andrew Swan, head of Asia ex-Japan equities at the Man GLG unit of the London-based asset manager. “The foundations are much stronger now in Asia than in other markets.”
Man Group Plc expects Asian stocks to outshine other regions next year as softer inflation and the end of an earnings downgrade cycle set the ground for an early rebound.
Within the region, the hedge fund giant is betting on defensive stocks in India and Southeast Asia while cautioning that equities across northern Asia remain more vulnerable to trade headwinds and the economic slowdown in China.
