Legg Mason Asia manager rides out the storm

His decision to play the domestic consumption and infrastructure spending stories has paid dividend for the fund which has consistently outperformed its benchmark MSCI AC Asia Ex Japan index, including over the last quarter. “Domestic consumption in China and Korea will be a very good source of further performance and good earnings growth,” Butler says. “We also like transportation, including shipping, and infrastructure spending in Asia. Transportation and infrastructure is a global trade and Asia is at the forefront of the industry. We are also playing the Olymics through infrastructu...