Aberdeen Asset Management (Abrdn) is launching a new Asia equity fund focusing on Chinese and Thai stocks as it believes China's reopening will drive Thailand's tourism industry to expand substantially this year.
With a focus on long-term investment, the company will select funds that are strong and able to withstand market volatility in all situations, such as unstable interest rates or a recession in developed markets such as Europe and the US, said Pongtharin Sapayanon, fixed income fund manager at Abrdn.
"Assets worth investing in this year still include stocks and bonds. We still recommend quality stocks more than growth stocks," he said. "The company will focus its investments on stocks with good cash flow and consistent dividends that are available in attractive markets on every continent."
