INVESTORS should seek broad exposure to Southeast Asian markets to capitalise on strong regional growth, an investment seminar has been told.
Chrissy Keen, senior portfolio strategist at Fidelity Investments, said regional markets had suffered setbacks this year because of currency fluctuations, interest rates uncertainty and poor sentiment caused by problems in Latin America.
But Ms Keen said: 'Inflation has probably troughed and interest rates may have peaked worldwide, setting the stage for broad-based, long-term growth. Valuations in the region are low, with all markets trading below the midpoints of their historical price-equity ranges, making some markets cheap.' She said infrastructure development and growing domestic consumption of goods and services would be the driving force behind regional economic development.
