It's time to buy Asian stocks, says Noah CIO

Investors should move back into Asian equities via long/short strategies, in light of low price-to-earnings and price-to-book ratios in certain markets, says William Ma, chief investment officer of Shanghai-based wealth manager Noah Holdings. “It’s time to get our feet wet again,” he said, suggesting starting out with one-third of the target allocation, and raising from there. He is positive on Asian emerging markets, but less so those elsewhere, such as Brazil and Russia. “Of c…