'Old Asia' to 'New Asia': Don't look backwards
'Old Asia' to 'New Asia': Don't look backwards. Asia is evolving rapidly, which has implications for investors globally. It should no longer be viewed as just a cheap manufacturing hub but a region with high value-added industries catering to an increasingly wealthy middle class. Investors have for some time looked at Asia as a straight growth story, but that isn't the case anymore. In our view, it is the quality of growth that matters - as'Old Asia'evolves into'New Asia', investors need to consider where growth will come from in the future. Taking into consideration demographics, wage growth and a burgeoning middle class, Healthcare, Tourism, Insurance and the Environment are the areas that we believe will drive equity market re-ratings. Read our report for more detail on each of these demographic trends: (VIEW LINK)
Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of Equity, Fixed Income, Multi-Asset and Alternative strategies. In April 2021, Yarra Capital Management acquired...