Institutional investors plan to increase their exposure to Asia in 2010 even though many admit that they lack knowledge and expertise in the region, according to a survey by the Economist Intelligence Unit.
Just a fifth of respondents think that the Asian growth story is over-hyped, with a similar minority believing that the region's recovery from the crisis has been a product of fiscal expansion and is not sustainable.
“An important shift is now gaining momentum, as institutional investors increasingly view Asia as an attractive investment destination and a strategic asset holding,” said Carlo Venes, head of institutional business at Fidelity International, the fund management company which commissioned the survey.