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FPP bullish on Asian emerging markets for 2011

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China, Hong Kong, Taiwan and Korea (along with Russia) are expected to generate good returns in 2011.

China, Hong Kong, Taiwan and Korea (along with Russia) are expected to generate good returns in 2011. So says FPP (Fabien Pictet and Partners) Asset Management, the London-based emerging markets specialist first established in 1998. In its Global Strategy Presentation to investors, entitled “A Winter’s Tale”, the firm points out that last year the MSCI Emerging Markets Index returned 16.4 per cent on the back of an exceptional ’09 which saw it gain 74.5 per cent – leading to FPP to believe that upward momentum could well continue in 2011. The report stated that FPP believed the Korean won and the Taiwanese dollar to be cheaply priced and that emerging markets were in good financial shape owing to their strong reserves and lack of leverage. Regarding sectoral plays technology stocks could outperform in Taiwan and Korea, upholding FPP’s allocation into this sector. “Based on our long-term experience and commitment as Fund Managers in Emerging Markets and knowledge of current conditions, backed up by independent research and findings…we suggest that Emerging Markets will continue to generate good returns in 2011,” said FPP in the presentation.

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