Schroders selective on Asian stocks

Schroders said it remained cautious on sectors related to travel, leisure and hospitality.

PETALING JAYA: As global lockdowns ease, Schroders sees opportunities in selected sectors in the Asian equity markets. The asset management company, however, is overall positive on the region’s fixed-income market.

In a note to its clients, Schroders said the Asian equity markets, which had risen strongly from their multi-year lows in mid-March at the height of the Covid-19 scare, would remain supported by the unprecedented amount of fiscal and monetary stimuli authorities globally have implemented.