JF Funds, an arm of JPMorgan Fleming Asset Management, advises clients to move out of bonds and cash and into equities to capture expected gains over the course of 2002. Many Hong Kong fund managers have been urging investors to catch the upside but to do so via hedged guaranteed products. JF Funds is having none of that just be bullish is its message to the retail market.
For many institutions, the buy opportunity was September. Since then markets, from New York to Hong Kong, have rebounded sharply. Indeed most question now whether it is time to take profit. The retail segment, however, particularly in Asia, has been slow to follow JF Funds argues...
