Consumption growth in Asia is Switzerland's gain: personal income is rising in most Asian economies, which is likely to result in a significant increase in private domestic consumption. Swiss firms can benefit from this increase, along with Asian suppliers on the ground. Investors should pick sectors over countries.

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Consumption growth in Asia is Switzerland's gain: personal income is rising in most Asian economies, which is likely to result in a significant increase in private domestic consumption. Swiss firms can benefit from this increase, along with Asian suppliers on the ground. Investors should pick sectors over countries.

Following the Asian crisis, emerging economies in the region adopted an export-led recovery strategy. To make this work, policymakers managed the exchange rates of their national currencies--mostly against the dollar. Since this' action was taken, many Asian currencies have remained undervalued: most prominently, the Chinese Yuan (Renminbi).

The Asian consumer was among the "lo...

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