Yousuf Al Jaida From Komfie Manalo, Opalesque Asia – Asia-focused fund managers have joined the bullish bandwagon for next year and expressed optimism that equities will experience a widespread rally in 2013.
According to a survey by AsianInvestor that was commissioned by Qatar Financial Centre Authority, four out of 10 portfolio managers said they would boost their allocation to risk assets. A minority 20% of those polled believed that exposure to risky investments could fail.
Yousuf Al Jaida, the Doha-based director of strategic development for banking and asset management at the Qatar Financial Centre Authority said that asset managers would maintain re-risking their investments selectively if the macro environment can keep its stability.
He was quoted as saying, "I anticipate that real, higher-yielding assets and uncorrelated asset classes will emerge as clear winners when this starts happening."
According to Al Jaida, the Asia-Pacific region remains an interesting opportunity for investors because of sustained consumer growth brought about the increasing number of population that grows more economically independent day by day.
The fund managers’ optimism in Asia is shared by hedge fund managers in the Western economies as the Annual Global Hedge Fund Manager Survey by independent research and portfolio advisory firm Aksia showed that the indust......................
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