Read this in The Manila Times digital edition.
A BLOOMBERG article published on September 15 entitled "Funds pour into Southeast Asia as rate-cut cycle gets under way" inspired this column. If you have access, do read it as unlike Cut and Paste, whose predilection for lifting albeit with attribution entire or nearly entire articles is appalling, especially given his sources are wacko and fake news far-right wing sites, I will quote and discuss some points in the Bloomberg article but out of respect for the author and entity leave much out and add some of my probably inferior insights in place.
The article notes global funds are purchasing Southeast Asia assets as the prospects of interest rate cuts and reasonable valuations may lead to above usual returns but more important relatively better returns from Southeast Asian versus other emerging market and American or European assets. This is mostly for bonds and currencies though the article notes that Southeast Asian stocks have easily beaten their emerging market peers in the most recent quarter.
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