Buyside sees Cyprus risks, but contagion unlikely

Asia’s buy-side has largely dismissed the prospect of eurozone contagion from Cyprus' fraught €10 billion ($13 billion) bailout, seeing a concerted global retreat from risk assets as highly unlikely and any sell-off as short-lived. In fact, they believe the worst may be over already after early signs of an institutional retreat to safety (out of the euro, into gold and the dollar), and view the potential impact on global fund flows as limited. After being quizzed by AsianInvesto…