Managers of Asian equities have found several auspicious signs that the Chinese year of the goat will be rewarding for investors.
"The goat is a resilient animal; used to solitude but not afraid of reaching higher levels. We see a similar journey for Asian equities in 2015," says Andrew Swan, head of Asian equities at BlackRock.
Swan says progress in reforming China's fiscal budgeting and shadow banking sector, as well as the low oil price, will boost Chinese and Asian equity returns this year.
Another manager to draw an optimistic comparison with goats was Laura Luo, head of Hong Kong China Equities at Baring Asset Management.
"Goats can be stubborn but are also known for being tenacious, determined and sure-footed," she remarked. "We think investors could see the market climb higher after Chinese New Year as market participants update their investment models to reflect changing assumptions."
In addition to reforms, Luo noted that interest rate deregulation and rate cuts are likely to improve China's standing in the eyes of investment analysts.
©2015 funds global asia