News wire article from our research archive:

Listed companies are rubbish and governance is poor - no wonder fund managers avoid Asia.

Byline: Michael Backman

Oct 18, 2005 (The Age - ABIX via COMTEX) -- Global fund managers are reluctant to investin Asia due to poor corporate governance andlacklustre listed companies. Often,companies listed on stock exchanges ingrowing nations are not strong performers.

Often, state-owned enterprises or privatecompanies are better performers. Also, aperception that there is poor corporate

governance standards in Asia is deterringinvestors, so many funds are choosing toinvest in Asian currencies or companies thattrade with significant Asian exposure, such

as BHP Billiton. ...

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