Is it time to allocate to ASEAN?

ASEAN

The structural drivers behind the ASEAN story seem too good to ignore but are valuations simply too high?

The network of ASEAN countries is so big that, if all the nations were a single entity, it would rank as the tenth largest economy in the world. This region has attracted particular attention from investors lately due to its progressive economic growth prospects, exciting companies and opportunities for development. So, how are fund managers playing the region? Liquidity constraints While the frontier markets of the ASEAN network – Laos, Vietnam, Myanmar and Cambodia (LVMC) – are “structurally interesting”, they are still difficult areas to access, warns Neptune’s Thomas Sinclair. A...