Asia: Good start of the year for portfolio flows - TDS

According to Mitul Kotecha, senior emerging markets strategist at TD Securities, investors have piled into EM Asian equities as a more conducive external environment suggests inflows will continue in the next several weeks.

Key Quotes

“Headwinds from weakening global growth could stand in the way of a sustained improvement in inflows.”

“A more favourable external backdrop, i.e. less aggressive Fed combined with relatively more stable to stronger domestic currencies bodes well for Asian local currency bonds.”