GIC eyes lagging Asean assets as supply chains shift
The Singapore sovereign wealth fund's CIO, Jeffrey Jaensubhakij, told a forum last week where he sees post-pandemic investment opportunities for 2021.
While global asset prices have rebounded strongly since the depths of the Covid-19 crisis in March, valuations in Southeast Asia have heavily lagged those elsewhere. The MSCI Asia ex-Japan index rose 8.36% in the year to October 31, while the MSCI Asean was down 21.98% over the same period.
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