Investors staying put in Asia
Article Abstract:
A consolidation of the gains made by the Asian markets is expected in late 1999 but US fund managers are confident that the region has survived the worst of the crisis and they are planning to keep their investments in Asia. The recovery of the Asian markets has been at such a furious pace that most fund managers agree that a short-term consolidation is in order before it proceeds again. The recovery has been led by the impressive performances of the stock markets of Indonesia, South Korea and Thailand.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Asia fund mangers seem duly prepared for Y2K fallout
Article Abstract:
Asia fund managers are confident that they will be spared the major problems associated with the coming of the year 2000. The Y2K computer problem, caused by the inability of some computer systems to distinguish between the years 1900 and 2000, is expected to be especially felt in emerging markets such as Asia. Interviews of several fund managers in the region revealed an overall confidence in the way they have weeded out firms that are susceptible to the Y2K problems.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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Mutual funds still foreign
Article Abstract:
Mutual funds have yet to gain acceptance in Asia where they continue to be dismissed. In 1997, fund-industry analysts approximated that some 4% of Hong Kong households owned mutual funds as opposed to over 30% of US households. In 1998, fund experts say that figure may have dropped to as low as 2%. Nonetheless, fund companies are banking on the continued drive to bolster retirement plans in Asia.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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