JPMorgan stock pickers bet on Thai tourism in ‘ignored’ Southeast Asia

This photo taken on October 24, 2019 shows people walking past a flower vendor on Sukhumvit road in Bangkok. (Photo by Lillian SUWANRUMPHA / AFP)

SINGAPORE: Southeast Asian stock markets still have "selective investment opportunities” even though Wall Street is ignoring them, according to JPMorgan Asset Management.

The money manager, which has about $3 billion invested in the region’s equities, says tourism shares are one example, particularly in Thailand. The country is seeing more visitors from a wider range of nations, according to Pauline Ng, one of the managers of the funds.