Asian cash holdings coaxing managers East

"We see the positives of investing in Asia as very much the mirror image of the economic concerns confronting western markets," says Richard Cardiff, co founder of Coupland Cardiff. "Asian consumers have very high savings rates and banking systems that are well capitalised to promote any increase in domestic demand. At a national level, foreign exchange reserves have been rebuilt and current accounts are mostly positive. At a corporate level, over 45% of companies listed in the MSCI Asia ex-

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