The Indian market is up 30 percent this year and the Korean market is up 25 percent in US Dollar terms. So, we have had a shift in market leadership away from the U.S. to other markets and I think there is better value in Europe and still better value in Asia than in the US.
Some Japanese companies are actually quite good value.
I personally prefer investments in Indochina, in Vietnam, Cambodia, Thailand, Myanmar and also Laos. That is the region I think has enormous economic potential and there will be plenty of opportunities. But for institutional investors, the Japanese market offers in some sectors very good value.
Marc Faber: Better value in Asia and European markets than US from CNBC.
