Adviser tips 16,000 for Hang Seng Index
THE Hang Seng Index should pass the 16,000 mark this year as low worldwide interest rates draw overseas investors to the Hong Kong market, says a US-based investment adviser. Maria Ramirez, president and chief executive of Maria Fiorini Ramirez Inc (MFR), said a lack of high-yielding investments in the US was leading investors to seek higher returns through emerging market mutual funds, and Hong Kong was one of the favoured markets.
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