Amid this tumultuous mid-year season meeting with a bear market and widespread geopolitical conflict ranging from Russia-Ukraine tensions and US-China trading issues, interest has piqued in Asian stock markets and its value in the coming year.
Robin Parbrook, co-head of Asian equity alternative investments at Schroders notes that it has been a difficult season for Asian stock markets. This is observed as the MSCI AC Asia ex Japan index is now back to pre-Covid levels and to similar index levels as five years ago. “It does feel like we are at a capitulation level in the region and there is a lot of fear in markets,” Parbrook says.
Yet, Parbook notes rising appetites during this time (in the area of Asian equities). “We are now seeing opportunities to “buy a wonderful company at a fair price”,” he says. “This was opposed to 18 months ago when we were often looking at buying “a fair company at a wonderful price”.”
