Asia Investment Opportunities In Autos: Risk/Reward Analysis

Auto sales trends for the first five months of 2013 in key Asian regional markets have been in line with our expectations. The Indian market continues to struggle and we do not foresee any material improvement in the coming months, something we highlighted earlier in the year. While China and Indonesia, two markets on which we remain bullish, posted strong year-on-year (y-o-y) growth rates until May, we expect growth in these markets to slow in the coming months.

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