Inflation not a big threat to Asian shares
Head of investment strategy at AMP Capital Investors, Shane Oliver, says although managing inflation and interest rates is a challenge, they wonÆt have a great long-term impact on the regionÆs equity markets.
Taking a more sanguine view of rising prices in Asia, AMP Capital Investors believes inflation will decline as growth slows and as oil prices fall in the next six months.Concerns about the global credit crunch and the US housing slump have been supplanted by worries about global inflation, notes Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors. This is evident, he says, in surging bond yields and tough anti-inflation talk from central banks. ôFor …
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