In this aerial picture the Selamat Datang statue is seen with a background of traffic and buildings in Jakarta on September 14, 2024. (Photo by BAY ISMOYO / AFP)
Singapore: Global funds are snapping up South-East Asian assets as the prospect of interest-rate cuts and attractive valuations holds out the promise of supersized returns.
Money managers have boosted positions in sovereign bonds in Thailand, Indonesia and Malaysia for the past two months, and have been net buyers of Indonesia, Malaysia and Philippine equities for three months.
