The Case for Asean Equities
Diversity and vibrancy in and from ASEAN
ASEAN is right in the geographic heart of the world’s most vibrant area bounded by India in the West; China, Japan and South Korea in the Northeast; and Australia and New Zealand in the South. Among the 10-member group, 5 core economies (known as ASEAN-5: Singapore, Indonesia, Malaysia, Thailand and Philippines ) supported by superior growth rates and showing resilience during global financial turbulence, may look much more attractive than developed markets or even the broader Asia ex-Japan market.
Economic momentum remains solid with regional GDP growth above 5% year-over-year in 1Q18
The region continues to benefit from resilient domestic demand with intra-ASEAN trade leading the way
The skilled and young population will be a key driver of growth in the longer term.
Foreign reserves are in a much better position now compared to Global/Asian financial crises
ASEAN is the important gateway for the world to the most vibrant Asia-Pacific and vice versa.
Blossom with Legg Mason Martin Currie Southeast Asia Trust
The objective of Legg Mason Martin Currie Southeast Asia Trust is to achieve medium to long-term capital appreciation by investing at least 70% of the Trust in securities issued by companies that are incorporated, domiciled or listed, or have a significant economic interest, in South and South-East Asia countries.
We use a High Conviction Approach to Capture Asean Alpha.
Key Fund Features include:
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Head of Asia
30 years of industry experience.
Joined the firm in 2010.
Portfolio Manager, Asia
25 years of industry experience.
Joined the firm in 2007.
1. Source: Legg Mason, as at 30 September 2019.
Source: Legg Mason and Martin Currie, as of 30 September 2019. This document, provided by Legg Mason Asset Management Singapore Pte. Limited (“Legg Mason”) (Registration Number (UEN): 200007942R), is for information only and does not constitute an offer or solicitation to buy or sell any units in any fund.
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