Emerging markets may be out of favour, but Asian analysts trounce their peers in Europe and the US in the success of their recommendations, according to the world’s second-biggest hedge fund.
Research by London-based Man Group, covering more than 35,000 buy or sell ratings, found that buy recommendations of Asia-based analysts outperformed benchmarks by an average of 4.3 per cent in the 100 days after they were made.
In comparison, UK, European and US analysts’ recommendations managed 1.5 per cent.
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