Where are the Asian dividends?

ASIAN EQUITIES

Asia is one of the best places for higher-yielding opportunities, a universe which is almost the same size as Europe, the US and the UK put together, says Paul Hilsley, senior fund manager at Legal & General Investment Management.

A year ago, there was breathless speculation about a ‘great rotation’ out of fixed income asset classes and into equities. In a world where so much seems uncertain, it felt like the consensus was unusually clear: ‘buy equities’, we were told. In general, people did, and developed equity markets thrived during 2013. The catalyst for this was an underlying improvement in the economic outlook for these economies, coupled with stimulus – to varying degrees – from their central banks. Powerhouse economies The obvious major area which was overlooked during this rally was the Asia Pacific ...