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Updated Saturday, March 29, 2008 0:00 am TWN, By Jean Chua and Simeon Bennett, Bloomberg Temasek’s fund says investors crossed ‘maximum fear’ point“The fundamental reasons for this secular growth are all in place,” Lee said. “The few of the big economies are found in Asia. I’m talking about China, India, Vietnam and South Korea. So Asia being a destination for investment money from the developed world will continue to grow.” Fullerton aims to expand in the U.S., Europe, Australia and the Middle East, working with local partners to sell its funds or distributing directly to investors. Earlier this month, it teamed up with EFG Hermes Asset Management to bring Middle Eastern funds to Asian investors. The company wants to grow its Middle Eastern and North African fund to US$100 million within a year, Lee added. |
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