GLOBAL - Asia is set to outperform global markets in the longer term - especially if the global economy strengthens, Schroders believes.
The fund management firm said there are a number of high quality companies in Asia which are attractively valued and will reward the selective investor.
It said positive news over declining SARS infection rates, improving investor sentiment since the end of the Iraq war and the currency strength in the region against the US dollar had all helped Asian markets recover.
The fund management firm said investors should be encouraged by the restructuring progress in the Pacific at both country and company level since the “Asian crisis” of the late ‘90s.
It said that there had been an increased focus on profitability and good progress in terms of cutting back workforces and removing inefficiencies – processes that have been under way for five years.
“Overall, while the short-term environment has been clouded by SARS concerns, we believe that the long-term benefits of investing in the region remain in place,” Schroders added.
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.