This last year has been challenging for stocks in developing Asian  countries as the US continues to maintain investors’ focus driven by the magnificent 7. We had anticipated 2024 would be a year where investors would focus back to Asia as their growth rates would look increasingly attractive as Developed Market growth slowed. [...]

In 2023 a barrage of challenges hit growth stocks leading to a historic de-rating. However the setup for 2024 looks better with resilient Emerging market growth contrasting with rising recessionary risk in Developed markets. Supported by low valuations, encouraging growth prospects, anchored inflation, and room for interest rate cuts we are positive on Emerging [...]