Venture: Asian Conglomerate
Issue 90;
The Asian recovery is upon us. The MSCI Asia Index ex Japan has been lagging the world since 2010, but that has turned. Led by Hong Kong and Singapore, Asian stocks are starting to deliver.
Asia Relative to the World
Investors today seem to think that investing is all about technology, but that couldn’t be more wrong. There are cycles that will eventually turn, just as the current tech-led cycle has left the old economy behind. It is worth remembering that Asia grows more quickly than Europe or the Americas, and it should come as little surprise that Asian stocks can deliver high returns when that time comes.
This week, we highlight an industrial conglomerate that has had a regional presence for nearly two centuries. It has survived revolutions and wars while delivering for shareholders. It is a very simple way to hold the Asian real economy.
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Investment Director: Charlie Morris. Editors or contributors may have an interest in recommendations. Information and opinions expressed do not necessarily reflect the views of other editors/contributors of ByteTree Group Ltd. ByteTree Asset Management (FRN 933150) is an Appointed Representative of Strata Global Ltd (FRN 563834), which is regulated by the Financial Conduct Authority.
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