Oliver's Insights – Asian shares in a secular bull market
This note looks at the outlook for Asian economies and shares.
The key points are as follows:
- Asian economies are undergoing a normal cyclical rebound on the back of a strong rebound in global trade, easy economic policies and strong domestic demand. Growth will likely remain robust going forward.
- While Asian shares have under-performed so far this year, partly on the back of worries about Asian monetary tightening, the combination of reasonable valuations and stronger growth potential point to a resumption of relative out-performance over the years ahead.