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Fund Managers Have Few Worries Over Stock Surges

机译:基金经理很少担心库存激增

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Hong Kong―Thailand, Indonesia and the Philippines have seen growth so impressive this year, it is making investors in those markets nervous. Gains ranging from over 13% this year in Manila to almost 40% in Jakarta are bringing back bad memories for investors who have been burned in the past by rapid runups that turned sour. Think back to the red-chip China stock boom or the surge in Internet stocks, or even farther back to the huge gains these same markets made in the early and mid-1990s, before reversing. This time, investment bankers and fund managers say, the markets are coming from such low bases, the runaway stock prices don't worry them as much as past express ascents.
机译:香港,泰国,印度尼西亚和菲律宾今年的增长是如此可观,这使这些市场的投资者感到紧张。收益从今年马尼拉的13%以上到雅加达的近40%不等,给过去的投资者带来了难忘的回忆,这些投资者过去曾因迅速的变坏而烧毁。回头看看红筹股中国股市的繁荣或互联网股票的飙升,甚至更进一步地回想一下这些相同的市场在1990年代初和中期所取得的巨大收益,然后再逆转。投资银行家和基金经理说,这一次,市场来自如此低的基础,失控的股票价格没有像过去的上涨那样让他们担心。

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