As the global economy continues its recovery from the 2008 crisis, Asia enjoyed a remarkable 2017, with a boom across asset classes.
The fact the United States has yet to follow through on President Donald Trump’s protectionist rhetoric has helped unwind negativity over his election and that, along with ample central bank-supplied market liquidity, has fuelled solid inflows to Asian assets.
According to Emerging Portfolio Fund Research EPFR which tracks capital flows into emerging markets, $19.54 billion worth of money had flowed into Asian ex-Japan markets for equities and bonds in the first 10 months of 2017.
The asset performance didn’t...