Equities in Asia Pacific still cheap, says BlackRock Asian Equities

  • Business
  • Thursday, 09 Jan 2014

KUALA LUMPUR: Equities in Asia Pacific are still relatively cheap riding on the US move to taper QE on the back of improved economic sentiments, according to BlackRock Asian Equities team director and portfolio manager Joshua Crabb.

"If Asia follows the trend that has happened in the US and the UK, what will outperform in Asia will be in line with the US and UK, where quality will underperform and cyclical value will outperform," he said on Thursday.

He said BlackRock is already taking positions in specific stocks in the North Asia region, which would benefit from an improved global economy that would reignite export demand.

On Malaysia, he said equities on the FBM KLCI looks relatively expensive compared to its peers which had been sold down on the back of local issues like in Thailand and tapering concerns.

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