Asia ex-Japan stocks are currently valued at 13x forward earnings, with an expected growth rate of close to 20%, says Ray Prasad at Batterymarch.
Mark Fetting has revamped the corporate structure, boosted risk management, and is now looking how to grow Legg Mason, including acquisitions in emerging-market equities.
The fund house also sees opportunities in smaller markets such as Indonesia due mainly to strong domestic growth.
Investment Outlook Series: Ray Prasad, a senior fund manager at Batterymarch Financial Management, says Asia still has higher growth characteristics than developed markets.
Batterymarch Financial Management fund manager Ray Prasad remains optimistic that valuations and corporate fundamentals will help certain emerging market shares to outperform.
Investment Outlook Series: Ray Prasad, a senior fund manager at Batterymarch Financial Management, says urban legends of investing have been turned upside down and there is a new appreciation for risk and volatility.