20.11.2013 - Asian investors tip tough year for commodities
Asian investors believe commodities are in for a bad year, with just 2 per cent surveyed rating them as their favourite asset class for 2014. Bank of America Merrill Lynch gained responses from 272 investors who attended finance conferences in Beijing, Singapore and Hong Kong last week -- with two-thirds favouring equities. They were as bearish about government bonds as about commodities. Their favourite equity market within Asia is China, backed by 39 per cent, followed by Japan at 26 per cent, the ASEAN countries (12 per cent) and South Korea (11 per cent)..........................................Full Article: Source
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