Reyl's Liew: The buying opportunities arising from geopolitical tensions

South Korea looks attractive

Daryl Liew, head of portfolio management at Reyl Singapore, has said geopolitical tensions have created investment opportunities in markets such as South Korea and Europe, while he is concerned about a potential sell-off in emerging markets in the event of another US interest rate hike this year.

Speaking to Investment Week, Liew said South Korea has become one of the most attractive places to invest, largely due to the risk premiums created as a result of its tensions with North Korea. This, coupled with a lack of visibility in the market and the impeachment of former President Park Geun-hye, were the reasons behind low valuations in the region, which he said had created an "interesting" opportunity. "South Korea is the second cheapest market in Asia. They had a lack of visibility in the market, which was not shareholder friendly, but that is beginning to change. The new Pres...