Asian wealthy hold onto stocks despite high prices

Asia’s affluent individuals are largely retaining their equity allocations for now, despite growing concerns about high stock prices in the region, say wealth managers and investment specialists. Yet the widespread consensus is that return expectations will need to be tempered for 2018, after stellar performances in several Asian equity markets this year. The MSCI Asia ex-Japan index has returned around 38% year to date in dollar terms, while the MSCI World has put on 21% over the…