Confidence shows signs of snowballing in ASEAN equities

Opportunities in EMs such as Indonesia and Myanmar

There have not been as many tailwinds for companies in the Association of Southeast Asian Nations (ASEAN) as there are now for at least 35 years, according to Marlborough’s Sally Macdonald, who said she has "not seen this level of confidence in the region" from economists and management teams since she joined the industry in 1985.

Macdonald, who is head of Asian equities at the firm and co-manages its Far East Growth and Emerging Market Trust funds alongside Jing Liang, believes 'ASEAN rising' is one of the major multi-year themes emerging market investors should take into consideration, and is finding opportunities across Indonesia, Singapore, Malaysia, Thailand, Myanmar and Cambodia. What does the 'ill wind' of US-China trade war mean for South-East Asia? One of the catalysts according to Macdonald, has been the formation of the ASEAN Economic Community (AEC) back in 2015, which she described as "not dissimil...