No need to fear Asean correction, says Invesco
The recent falls in Asean stock markets have created a tremendous buying opportunity, says investment director Abdul Jalil Rasheed, but further falls could be coming.
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A recent correction in a number of Asean stock markets should not worry investors, according to US fund house Invesco.
With some emerging-market investors viewing the Bric markets as overbought, there has been a surge of interest in Asean markets, in particular Indonesia, the Philippines and Thailand.
Each of these countries’ stock markets have experienced impressive rallies this year. After being upgraded to investment grade by Fitch in March, the Philippine Stock Exchange inde…
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