Expect modest rally in Asian equities over the next 12 months: Deutsche

SINGAPORE (July 17): Deutsche Bank Wealth Management sees a modest rally in Asian equities over the next 12 months, on expectations of a supportive regional economic landscape and regional valuations.

In its latest chief investment officer (CIO) insights report, the global wealth manager projects a 12-month target of 660 for MSCI Asia ex-Japan with a rise of about 6.5%, following a period of remaining at the bottom of a 620-630 range peaking at 631 on June 26.

The index has already risen more than 20% year to date (YTD).

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