Investors allocating more to China, says Permal chief

Mon Jan 16, 2012

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Isaac Souede, chairman and CEO of the $21 billion fund-of-funds giant Permal Group, says investors have been allocating more funds to China, a trend that had taken hold over the last three to four months in reaction to steadying fundamentals. The country is widely viewed to be going on a "soft landing’ after decades of rapid economic growth.

With the country’s slowing growth, Souede told AsiaHedge in an interview, China has a better chance of controlling inflation, which in fact has gone down in recent months, a development that together with other positive policies from governments make up the "major themes" for investors reallocating their assets to China.

Other Asian countries, he said, are located in a different allocation cycle,...

ISSN: 2151-1845 / CDC10004H

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