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(File photo, source: bloomberg)
As the global economy gradually recovers, the Asian equity and bond market, especially North Asia equities remains attractive for global investors, said a report by a banking organization on Thur.
According to the report from Barclays, Asia countries are well-positioned to capitalize on economic improvements, since U.S. is slowly resolving "fiscal cliff" battle and Euro zone is setting long-term recovery policies.
China continues to be the engine driving the region's growth, said Eddy Loh, Equity Strategist at Barclays. Stocks of Chinese insurance providers, banks and infrastructure-related companies are in favor. "The penetration rate for life insurance in China is still very low and many insurance companies have additional bonus on the investment income as well," he said.
Japanese stocks may experience certain hike after the massive easing policy by Abe government to inject liquidity into the market, said Eddy. A weakening Yen may also provide competitive advantage for Japanese exporters, who are in close competition with Korean and Taiwanese factories.
But overall, Barclay anticipates equities in developed markets to outperform in 2013, except for Japan. "Increasingly, we are going to see the Europeans complaining about the weakening of Yen. Political instability also hinder the country's growth," said Wellian Wiranto, Investment Strategist from Barclays.
In a statement, Barkley said that it is more positive about returns from stock than bond and corporations than government securities like T-bills. Regarding local property market, Eddie said evaluations is difficult and to a certain extent, "on the high side". He suggested more cautious investment over Hong Kong's property stocks.
