Pakistan Is The Hot Asian Stock Market Hungry for Foreign Cash
- Pakistan’s key index is up 36% since March after rate cuts
- Tundra Fonder, FIM Partners boost allocation to Pakistan
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The rebound that’s helped make Pakistan equities Asia’s best performers since the end of March isn’t done yet, according to some money managers.
The nation’s central bank has been among the most aggressive globally in cutting interest rates this year to cushion the economy amid the coronavirus pandemic. That has reduced the double-digit returns from fixed income and bolstered the bullish case for equities.