“After three years, China’s relaxation on its restrictive Covid-19 policy will bring about immediate and substantial impacts to both its economy and the Asian market in general. Fund managers see the event as the light in an otherwise gloomy 2023 marked for a global recession,” says Rajeev De Mello, chairman of the IMAS Development Committee. “Furthermore, concerns over the US-China tensions are softening as there seems to be a period of calm after many years of stress.”
The Asian market, led by China, is expected to be the best-performing region this year amid a muted global economic outlook, according to the 2023 Investment Managers Outlook Survey, released on Jan 11.
Despite continued concerns over inflation, there is optimism on Asian equity and credit markets with 70% of the respondents expecting a solid recovery in equities.
