How rate cuts and fiscal policy reforms will help Asia

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Despite the soaring performance of China's domestic stock markets over the last year, Asia remains the medium-term laggard. Paul Hilsley, manager of the L&G Asian Income trust, explores if forthcoming rate cuts and reforms on investment spending will help turn the region's prospects around

The major underperformance in 2013 during the taper tantrum, when the prospect of the end of US QE led to fears for the future of Asia’s economies, in the absence of cheap international money, and the withdrawal of international investment flows, has not yet been recovered. So were these economic fears and the underperformance justified or is it now time to revisit Asia? China’s leadership has been focused on reform and clamping down on corruption and backed off from micro economic management, Australia has been attempting to detox itself from its mining investment high, and a number of ...

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