Global Investors Keep Pouring Money Into Asia’s Red Hot Markets
- ANZ’s Goh expects inflows to the region to continue in 2021
- Inflows to EM ETFs reached the highest since January last week
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Be it stocks, bonds or almost any other asset class, foreign cash is pouring into Asia on bets it will be fastest-growing region as the world recovers from the coronavirus pandemic.
The MSCI Asia Pacific Index rose to a record last week and a Bloomberg Barclays bond index is close to its highest in four years. The region’s currencies are, on aggregate, the strongest since 2018 and commodities are also climbing. Little wonder when a Citigroup Inc. gauge of economic surprises in the region is at a level last seen in 2007.