merrill-upbeat-on-thailand-and-the-philippines

Merrill upbeat on Thailand and the Philippines

Australia, Korea and India are the largest underweights in the firmÆs latest model portfolio.
July 03, 2008
Merrill Lynch has turned more bullish over Thailand and the Philippines within Asia-Pacific ex-Japan equities, at the expense of Indonesia, and Singapore. The firm is less bearish on Taiwan, but its weighting for the market is nevertheless still an underweight.

In its latest Asian investment weather forecast report, Merrill LynchÆs team of strategists from Hong Kong and Australia outline six of their most significant asset allocation changes in their model portfolio in June compared with April.

First, Thailand has jumped from the fourth-largest to the largest overweight. The allocation to Thailand, which was previously 0.6 percentage points over the benchmark, is now 2.8 percentage points over the benchmark. In April, ThailandÆs earnings revision ratio ERR...
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