Investment Perspective | Year of the Dragon ushers in Asia’s economic revival

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    Investment Perspective | Year of the Dragon usher
    Investment Perspective | Year of the Dragon usher
    16 February 2024

     

    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 Bonds You may wish to seek advice from a financial adviser before making a commitment to invest in the above fund, and in the event that you choose not to do so, you should consider carefully whether the fund is suitable for you.

     

     

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