Investor sentiment towards the generally high risk/high reward Asia-Pacific region (excluding Japan) is improving as risk appetite improves, equities gain favour and cash becomes less popular.
Nine out of 10 fund managers polled in HSBC’s quarterly Fund Managers Survey hold a positive view on Asia-Pacific ex Japan equities in the third quarter of 2009, well up from only 45% in the previous quarter.
Bruno Lee, HSBC’s regional head of wealth management for Asia-Pacific, said: “We see that improving market performance, combined with some signs of economic recovery especially in Asia-Pacific and emerging markets, are buoying investor sentiment for equities as people actively seek growth opportunities.
“Investors remain positive about Greater China equities, given the stellar performance of the stock market and positive signs of economic development in the region over the past few months.”
Emerging markets equities, Asia-Pacific ex-Japan equities and Greater China equities all posted inflows in the second quarter.
However, North American and European equities saw outflows in the quarter.
Fund managers’ views on bonds have moved from positive to neutral, with only 30% bullish on bonds in the third quarter.
But cash has fallen out of favour, with 57% taking an underweight view on cash (compared to 25% in the second quarter) and no fund managers overweight on cash (25% in last quarter).
In August HSBC introduced four HSBC Global Unit Trusts into the New Zealand market, managed by subsidiary HSBC Investments New Zealand.
The four New Zealand dollar denominated funds are the HSBC China Fund, the HSBC India Fund, the HSBC BRIC Fund and the HSBC Asia ex Japan Fund.
This article is tagged with the following keywords. Find out more about MyNBR Tags
Most listened to
- First Union's Phil Graham on why Firth drivers are striking
- Now that the government has been confirmed, Rob Hosking looks at the ruling parties' next moves
- CMC Markets founder Peter Cruddas discusses market volatility and shake-ups
- Jenny Ruth wonders how rowdy the Fletcher Building AGM will be
- Escea boss Nigel Bamford on southern charm and being design-led
- NBR Radio: The best interviews, with Grant Walker — updated daily