It will be the fundamentals that really drive returns for the Asian markets during 2010, an expert has claimed.
It will be the fundamentals that really drive returns for the Asian markets during 2010, an expert has claimed.
The Standard and Poor’s Fund Services report has highlighted the fact that macroeconomic factors will be playing a less prominent role than in the last 12 months.
Sung Woo Kim, manager of the Mirae Korea Equity Fund, highlighted the positive future that Korea is facing.
He said: “During the review period, Korea was reclassified from emerging to developed market status by index provider FTSE Â… This buoyed the market’s returns over the period and fund managers foresee another boost if other index providers follow suit.”
The Fund Services report has concluded that those companies which offer sustainable and predictable earning streams will attract a far healthier premium than those which cannot.
Paul Wimborne, manager of the Baring Emerging Markets Fund, recently claimed that Korean equities are promising strong returns for hedge funds.
