Asia has remained a favorite investment destination for European and Asian investors, and further investment increases in the region are expected in the next three years, according to survey results released on Wednesday.
The survey conducted by Fidelity Investments, the world's largest mutual fund firm, showed that 56 percent of the interviewed Asian investment institutions and 58 percent of the European institutions plan to increase their investment in Asian stock markets in the next three years.
The survey, which interviewed institutions in Asia and in Europe with assets under management of 1.6 trillion U.S. dollars, also found that more than half of the European investors increased their holdings of Asian corporate bonds and 58 percent of Asian institutions will buy more Asian government bonds.
Carlos Venes, head of Institutional Business in Asia, Fidelity Investments, said the survey showcased investors' growing confidence in the Asian market.
China remained a focus of investors' attention, with 40 Asian institutions having special funds on Chinese equities, and 11 percent of European investors planning to increase investment in the Chinese market when setting investment portfolios, according to the survey.
Fidelity Investments said the recent trend of capital flowing from western countries to the eastern market has never changed, and investors believe that Asian government bonds less risky than European ones, with Asian economies under recovery and European countries continuing to experience sovereign debt crises.
Source: XinhuaMajor headlines
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