Japan-based convenience store operator Family Mart is a smart play on pan-Asian growth with the benefit of strong corporate governance, said David Nadel, portfolio manager for the Royce International Smaller-Companies Fund. Nadel is also bullish on Thomas Cook India, saying the travel services company will benefit from the leisure aspirations of the growing middle class in India. Furthermore, he said Thomas Cook India is asset light has boasts a very profitable foreign exchange business. Finally, Nadel is positive on the Ashmore Group, saying that the emerging market fund manager will profit from investors worldwide seeking yield.
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