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Hedge fund managers ‘looking to Asia’

A number of factors are leading to hedge fund managers forecasting a strong year for Asian equities.

A number of factors are leading to hedge fund managers forecasting a strong year for Asian equities.

BlackRock predicts that America’s interest in exports from the continent, resilient consumer spending and a recent strengthening in Asian firms’ corporate earnings will all contribute to this trend.

Jing Ning, manager of BlackRock Global Funds’ China fund, has claimed that her organisation is positive about China’s strength in 2010.

She advised that consumer discretionary companies are among those she has favoured most but emphasises the importance of the stock selection process.

Ms Ning added: “The Chinese authorities are awake to the possibility of bubbles and are likely to take marginal measures to combat this, however in the short-term they are not likely to impose any change which could de-rail economic recovery.”

CB Richard Ellis head of capital markets Jonathan Hull recently claimed that hedge funds are increasingly focusing on global commercial property in Asian markets.

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