
levels of economic activity returning in other markets,” says Anand. Next, the fact that there has been modest stimulus from China in this period gives Fidelity the sense of confidence that what growth it sees returning is likely to be sustained over the medium term. Finally, other factors that will support growth in the region are the fall in oil prices and a more bearish prognosis for the US dollar in the medium term. “In addition to these tailwinds, it’s important we recognise that Asia and China in particular, have held up very well on a relative basis to other markets globally in this recent period of market volatility. This has been quite different to what we’ve seen in previous negative periods in markets,” says Anand.