Pidcock: Asian equity income reaches inflection point

Jason Pidcock, manager of the Newton Asian Income fund, takes a closer look at the changing face of the Asian equity income sector and which stocks are proving attractive investment cases.

There has been no single formula to capture equity returns in Asia over the past decade - as blanket-approach investors may have learnt the hard way. The region has become increasingly diverse with regards to macro-economics, regulatory landscape, capital discipline, corporate governance, and demographics over the past ten years, and the amount of information available on Asian equities has surged exponentially. This has been both a blessing and a curse, as those lacking a long-term view of their own could be easily swayed by daily news flow, or distracted by market noise that was not...