Asia beckons western investors, its allure predicated on three compelling attractions:

1. Asia beckons western investors, its allure predicated on three compelling attractions:
   The continued broadening and deepening of relatively immature capital markets whose development will reflect the expansion of most Asian economies at growth rates substantially faster than those of North America and Europe.
2. Reasonable valuations in light of these macroeconomic tailwinds.
3. Portfolio diversification benefits: notwithstanding the globalization of capital flows, the correlations of Asian equity market returns with those of North American and European markets are lower than are the correlations of North American and European market returns with each other.