Many banks have been reigning in their overseas exposure, and so we’ve grown used to news of multi-billion pound overseas disposals. But why would Asian-focused Standard Chartered (LSE: STAN) by looking to shrink in Asia — its core territory?
Why Would Standard Chartered PLC Sell Asian Assets?
VIDEO: One Fool puts Standard Chartered plc (LON:STAN) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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