Jun 12, 2013, 09.46 AM | Source: CNBC-TV18
Markus Rosgen of Citigroup is underweight on China & India and views ASEAN as expensive and lacking cyclical growth drivers.
Markus Rosgen (more)
Regional Strategist, Citi | Capital Expertise: Equity - Fundamental
Markus Rosgen, Citigroup: On a 12-month view, Asia ex-Japan returns from current levels, are seen in favour of the upside. If a steeper yield curve signals stronger growth, then it should be positive for Asia and emerging markets (EMs). We are underweight China & India and view ASEAN as expensive and lacking cyclical growth drivers.
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John O'Connell, Macquarie: Investors should position now for the inevitable rise in US bond yields, as this will be a key driver of returns in the H2. While uncertainty about when the Fed will taper will cause some volatility, we continue to think global equities are the most attractive asset class over the next year or more. However, the outlook for EMs looks weaker.