Asia best placed for growth - S&P annual review

Its annual review of Asia equity funds shows the Asian market correction of 65.3% is even deeper than that of late 1997 and early 1998, when the market index dropped 51.4%. However, S&P says because of continuing growth opportunities, such as those in infrastructure plans in China, the region should be well-placed to weather the economic storm. Andrew Aikman, the firm's South East Asia and Pacific sector specialist, says the review - which gathered information from interviews with the managers of 60 regional funds - also revealed those funds which had increased exposure to Japan had f...