By Ian Chua
Reuters

HONG KONG (Reuters) - Investors planning to diversify from embattled financial stocks should look to the Asian infrastructure sector, which is a direct play on the region's explosive economic development, an Invesco fund manager said on Monday.

Led by China and India, Asia is just at the beginning of an infrastructure boom, said Maggie Lee, investment director at Invesco Hong Kong Ltd, the local unit of the Anglo-U.S. fund management firm.

China for example planned to spend about $1 trillion (480 billion pounds) in developing its railway, roads, ports and airports between 2006-2010, while India's infrastructure spending is set to surge by 25 percent over 2007-2012, Lee added.

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Posted by dcjaya at November 13, 2007 12:10 AM