Best Investment Returns Will Be Found In Asian Markets

by Phillip Morton, Investors Offshore.com

18 October 2004

Investment managers are continuing to forecast that Asia will be the best region in which to invest for the next five to ten years, according to a publication by Jersey-based investment management firm Ashburton.

In the firm’s latest quarterly guide, ‘Investment Perspectives’, Peter Lucas, global investment strategist, says he believes that Asia may be the only region in which reasonable levels of returns can be expected in the medium to long-term.

“We do feel that there is a strong case for saying that when Wall Street falls, Asia will fall by less and when Wall Street rises, Asia will really power ahead,” commented Mr Lucas.

He added: “Asian stock markets stand head and shoulders above their equivalents in the West. Not only are price to earnings multiples low in the region, relative to their own history as well as other markets around the world, but the economic prospects are so much better.”

Mr Lucas argues that all of the economic evidence suggests a compelling case for investment in Asia in the coming years.

“Undoubtedly there will be hiccoughs on the way, but I continue to reiterate that Asia really will be the best place to invest during the next five to ten years,” he observed.

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