Asian Investment Issues: Exits
I attended a recent Investment in China and India Summit hosted by Finanical Research Associates I will use this forum to share some of the slide/insights that were given at this summit for the benefit of those hoping/thinking/planning on investing in an Asian country – China, India or Japan.
For the fund managers who entered the market after the 1997 currency crisis, it is still somewhat early to expect a substantial number of realizations, while groups active before then often have sub-par returns.
IPOs sold on U.S. stock markets such as SMIC are beginning to present new avenues for liquidity, while more established companies are active with ADRs traded on U.S. exchanges.
Trade sales are also extremely important and will continue to be so in the future.
Local market IPOs on the Hong Kong Main Board, the Taiwan Stock Exchange, and the Mumbai Exchange can also be successful though turmoil in emerging markets can make valuations on these exchanges volatile.
Source: Probitas


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