Asian equities ready for return of foreign fundsAsian equities could benefit from a return of foreign fund inflows, but the stock market remains volatile depending on the economic recovery and the pandemic situation, says Principal Asset Management. Chief investment officer Win Promphaet said foreign capital inflows will return through exchange-traded funds (ETFs) investing in Chinese and other Asian equities. Foreign inflows were a factor driving up China's stock market during the past few months, Mr Win said. The US stock market also surged drastically after a series of monetary stimulus measures by the Federal Reserve, he said. Foreign investors have been net sellers of Thai equities during the first five months, with year-to-date foreign outflows totalling 219.2 billion baht as of July 3.

Source: Bangkok Post July 07, 2020 23:26 UTC