“We think there is a lot of fiscal and policy stimulus that’s undergoing at the moment. And within that (referring to equities), we like the EM space, net-net we are also overweight Asia. Within Asia, Korea, Hong Kong, (and) Taiwan,” says Haider on CNBC Asia’s “Protect Your Wealth”.
(Watch full interview at left)
Sector wise, Haider favors telecoms, utilities and financials. But he believes one should take a very cautious approach to investing and keep a close watch on developments in the commodity space as well as the impact of the U.S. recession on the rest of the world.
“We think that the commodities correction has been a good one because it has allowed a lot of macro economic space," explains Haider. "But (if) the U.S. housing doesn’t correct itself, U.S. consumers doesn’t start spending again, then you are looking at a very prolonged recession. And that could really hurt clients across the board as it would hurt equity markets as well."
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Catch "Protect Your Wealth" on CNBC's Asia Pacific network every Tuesday on "CNBC's Cash Flow," Wednesday on "Asia Squawk Box" and Thursday on "Capital Connection."