Asia CIOs say “non” to Europe

The twists and turns in the race for the French presidency are acting as a red flag for Asia-based investment managers, who advocate avoiding continental European equity and debt while political risks remain elevated and asset valuations are not cheap. First-round voting for the French presidency will take place this coming Sunday, and if no single candidate wins a majority, there will be a second round in early May for the two highest-scoring candidates.  If the eurosceptic far…