Foreign funds, inspired by FX flows, fancy Asia

Newswire

By Umesh Desai HONG KONG, Nov 18 (Reuters) - A long-awaited rally in Asian currencies has sent global fund managers scouring the region in search of ways to exploit the exchange rate strength -- and in some cases they say it could be a double-edged sword. As the dollar crumbles against the yen and a host of other Asian units, investors are looking at large consumer markets such as India and China as likely winners. They also like companies with lots of local assets, such as banks and ...

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