Morgan Stanley Dean Witter introduced a global equity research report, The Asian Edge, identifying the 110 Asian companies the firm's analysts believe are most likely to survive current economic turmoil. It also spotlights 50 companies with an edge ``but not in the price'' and 20 timely investment ideas.
``We believe the time is right to start searching for the Asian companies with a competitive edge. It is too early to call a bottom in Asia, but investors should proceed with utmost caution in combing through these troubled markets,'' said Vineet Nagrani, co-director of Asia/Pacific research.
The firm's 20 timely ideas are: Asia Pulp & Paper; Beijing Datang Power; Bridgestone; DBS Land; Fuji Photo Film; Hindusian Lever; Housing Development Financial; HSBC; Kao; Qingling Motors; Sankyo; Shin-Etsu Chemical; Siliconware Precision; SmarTone; Sony; Sumitomo Bakelite; Sun Hung Kai Properties; Taiwan Semiconductor; TDK; Tokyo Ohka Kogyo.
Cherokee Eastern Band, Cherokee, N.C., is searching for U.S. small-cap managers and large-cap to midcap international equity managers.
The portfolios combined will total no more than $10 million, said investment committee member Tiani Osborn. Consultant Kalson & Associates is evaluating managers' proposals. Managers will be interviewed in early August. The Cherokee's minors fund totals $19 million and the general endowment fund has $40 million in total assets.