Mark Williams, manager of the Liontrust Asia Income fund, explains the team's positioning and outlines major opportunities for this year and beyond.
We believe China still presents investors with numerous equity opportunities. These are driven by a combination of growth far greater than that in the developed world and changes in the dynamics of this growth. Furthermore, China’s relatively cheap equity market, trading at less than ten times forward P/E, is at a significant discount to both its historical average and all the other Asia Pacific countries except South Korea, giving us greater confidence in investments there. Around 40% of the Liontrust Asia Income fund is currently invested in China and Hong Kong. After a weak start ...
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