Stuart Parks

Asian equity manager believes long-term growth must come from domestic demand.

Michael Ryval 22 May, 2009 | 6:00PM

There are indications that the global economic downturn has levelled off and the recovery could begin later in the year, argues Stuart Parks, lead manager ofPerpetual Indo-Pacific.

"But it will be magnified in Asia for a number of reasons," says Parks, head of Asian equities at Invesco Asset Management Ltd., in Henley-on-Thames, west of London, England.

First, Parks maintains that Asia went into the current crisis in much better financial shape than most other regions. Second, Asia's banking system is fundamentally sound and its institutions have not engaged in excessive leverage.

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Michael Ryval

Michael Ryval