India and Southeast Asia are “less affected by the vagaries of global trade,” Iamthongthong said in an email.
(Aug 29): A US$641 billion ($890.1 billion) asset manager is seeking refuge from the trade war in Indian and Southeast Asian stocks, saying their domestic consumer-driven economies make them the best havens from the burgeoning uncertainty.
Pruksa Iamthongthong, Asian equities investment director for Aberdeen Standard Investments, said her firm is overweight both markets. It’s buying companies that depend on domestic consumption and have strong balance sheets and cash flows.
