2024 heralds the Year of the Dragon, traditionally associated with luck, prosperity, and strength. Fittingly, the IMF expects Asian economies to grow by 4.5 percent this year, well above the global average of 3.1 percent, led by export recovery, steady domestic demand and more stable financial conditions.
While China as a whole remains a concern and its recovery is still elusive, we welcome the broadening of Asia’s prospects beyond China. Last year, the India and Taiwan markets stepped up to fill the sentiment gap. The region’s financial sector also performed well.
This year, compelling valuations bode well for specific Asian stocks, while Asian bonds are set to benefit from easing rates. As investors welcome the Year of the Dragon, our senior portfolio managers share what to look out for and reveal their top ideas for the year ahead.
| If you are interested in investment opportunities related to the theme covered in this article, here are some UOB Asset Management Funds to consider: Equities
|
This publication shall not be copied or disseminated, or relied upon by any person for whatever purpose. The information herein is given on a general basis without obligation and is strictly for information only. This publication is not an offer, solicitation, recommendation or advice to buy or sell any investment product, including any collective investment schemes or shares of companies mentioned within. Although every reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this publication, UOB Asset Management Ltd (“UOBAM”) and its employees shall not be held liable for any error, inaccuracy and/or omission, howsoever caused, or for any decision or action taken based on views expressed or information in this publication. The information contained in this publication, including any data, projections and underlying assumptions are based upon certain assumptions, management forecasts and analysis of information available and reflects prevailing conditions and our views as of the date of this publication, all of which are subject to change at any time without notice. Please note that the graphs, charts, formulae or other devices set out or referred to in this document cannot, in and of itself, be used to determine and will not assist any person in deciding which investment product to buy or sell, or when to buy or sell an investment product. UOBAM does not warrant the accuracy, adequacy, timeliness or completeness of the information herein for any particular purpose, and expressly disclaims liability for any error, inaccuracy or omission. Any opinion, projection and other forward-looking statement regarding future events or performance of, including but not limited to, countries, markets or companies is not necessarily indicative of, and may differ from actual events or results. Nothing in this publication constitutes accounting, legal, regulatory, tax or other advice. The information herein has no regard to the specific objectives, financial situation and particular needs of any specific person. You may wish to seek advice from a professional or an independent financial adviser about the issues discussed herein or before investing in any investment or insurance product. Should you choose not to seek such advice, you should consider carefully whether the investment or insurance product in question is suitable for you..
This advertisement has not been reviewed by the Monetary Authority of Singapore.
UOB Asset Management Ltd. Company Reg. No. 198600120Z
