Oliver's Insights - Asian shares in a secular bull market
3 May 2010 - This note looks at the outlook for Asian economies and shares.
The key takeouts are:
- Asian economies are undergoing a normal cyclical rebound on the back of a strong rebound in global trade, easy economic policies and strong domestic demand. Growth will likely remain robust going forward.
- While Asian shares have underperformed so far this year, partly on the back of worries about Asian monetary tightening, the combination of reasonable valuations and stronger growth potential point to a resumption of relative outperformance over the years ahead.
