In our view, Southeast Asia is currently among the most exciting investment destinations available to emerging and frontier market investors. The range of opportunities available to investors is remarkable, from the highly developed and technologically sophisticated Singapore market through emerging markets in various stages of development.
We certainly don’t want to jump to any conclusions about potential market performance based on investor sentiment (or any one indicator for that matter), but it reminds me of the late Sir John Templeton’s famous words: ‘Bull markets are born on pessimism, grow on skepticism and die on euphoria.'
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