“We are much more optimistic on Asia in general,” she said. “And within Asia, there are countries that we are much more optimistic about; on top of China, those countries that have solid ties to the resilient sectors of the mainland Chinese economy, such as South Korea, Taiwan and Vietnam.”
BlackRock, the world’s largest money manager, expects inflows to Asian assets to persist as investors seek more exposure to the Chinese economy.
“We see China as a distinct pole of global growth,” Mike Pyle, the global chief investment strategist at BlackRock Investment Institute in New York, wrote with colleagues in a 2021 global outlook report. “There is a clear case for greater portfolio allocations to China-exposed assets for returns and diversification.”
This article was provided by Bloomberg News.