Standard Life Investments believes that on a global perspective, Asia looks very attractive, both for cyclical and structural reasons. Andrew Milligan, its Edinburgh-based investment director and head of global strategy, was recently in Hong Kong to talk to clients and prospects about why.
Latin America is classic 'emerging markets' but aside from Mexico all the countries have problems, he says. Japan is in the 'are you serious' category. Eastern Europe is too small, although American investors are now keen on Russia. Western Europe may be interesting, but elections are causing global investors to think, and we'll have to wait until the fourth quarter, after the German elections, to sense whether real restructuring will...
