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Komfie Manalo, Opalesque Asia: ASEAN provides several interesting opportunities, especially in the current low growth, high volatility environment, said Gaurav Bansal, portfolio manager at Salmon Global Fund during the latest Opalesque Singapore Roundtable. He added that the biggest opportunity this part of the world provides would be diversification apart from growth perspectives.
Bansal told participants of the Roundtable, "I manage a global macro ultra-diversified fund, so diversification is key criteria; however it has become very difficult to find assets which are not highly correlated with each other as markets are increasingly moving in lock-step. ASEAN still provides some measure of diversification to a macro fund. Apart from diversification, ASEAN also offers more growth."
Bansal added he sees opportunities from a growth perspective in India, Philippines, Indonesia, Thailand, and Vietnam. "We see opportunities for these economies continuing to grow as they also have the political will to reform their economies for the future," he added.
Over the last three to five year range, Bansal noted that the political climate in this part of the world has been improving. An example would be India which had a so-called populist government but by 2014 changed course when the population realized that this may not be the right...................... To view our full article Click here
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