BlackRock, Inc’s investment professionals has reported that earnings expectations are improving and market valuations will remain attractive for Asia in 2013.
According to Swan:"Appetite for Asia is improving but global investors remain underweight relative to the structural growth offered in the region. Monetary and fiscal policies remain supportive for growth, which should in turn help strengthen regional equity markets."
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"Consensus estimates forecast around 12 to 14% earnings growth this year, which is in line with the long term trend for the region. Barring a major shock, Asian equities could post returns in the mid-teens this year." Swan said.
Swan also added that the ASEAN region has delivered strong domestic growth given robust economic fundamentals and remains a positive long term growth story, where as Chinese equities remain cheap after the recent correction and current valuations offer an attractive entry point for equity investors.
Additionally, head of Asian Fundamental Equities, Andrew Swan, has been joined by portfolio managers Josh Crabb, Jing Ning and Alethea Leung on the Asian equities team.
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