Fund managers see rich pickings in Asia

Jan 28, 2007

Fund managers see rich pickings in Asia

If you plan to stay invested, the ride may well turn bumpy. Diversifying can help you lower your risks

By Leong Chan Teik

AFTER last year's exhilarating rise in the stock market, the historical lesson is this: Don't get too excited. Stocks are risky and they aren't that cheap anymore.

That message was repeated to 1,400 enthusiastic people who packed a Raffles City ballroom on Thursday night to hear fund managers talk about what to invest in and where.

The prognosis is that growth in the United States is slowing, dampening demand for Asian exports; the global economy is also expected to slow.

Stock markets everywhere are at record highs and risk falling sharply, but there are plenty of reasons to stay invested - if you know where.

Broadly, Asia is where the best growth potential is, with Singapore a particularly popular pick.

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