Although Asian equities have significantly underperformed the US market over the last six months as trade tensions escalated, Bank of Singapore sees “positive risk-reward” in Asian ex-Japan shares and holds an overweight view on this asset class. Since 19 March 2018, the MSCI Asia Ex-Japan (MXASJ) Index has underperformed the S&P500 Index by 20%, further widening the valuation gap between…
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