Geopolitical tensions around the world have been on the rise, but Southeast Asia’s markets may offer relative safety to investors, according to top investment banks.
As we enter the next quarter of 2022, CNBC asked analysts from Goldman Sachs and JPMorgan Asset Management which Southeast Asian markets were their top picks.Southeast Asia as a whole is relatively insulated from geopolitical tensions elsewhere in places such as Europe, where the war in Ukraine has kept investors on edge over the region's economic outlook, the analysts told CNBC.
Geopolitical tensions around the world have been on the rise, but Southeast Asia's markets may offer relative safety to investors, according to top investment banks. As we enter the next quarter of 2022, CNBC asked analysts from Goldman Sachs and JPMorgan Asset Management which Southeast Asian markets were their top picks.
Southeast Asian stocks have underperformed and been"largely ignored by global investors for a decade," said Timothy Moe, Goldman's chief Asia Pacific equity strategist.Indonesia: Banking and commodity plays "In Indonesia, we are structurally positive on the banks as the majority of the population are still unbanked or underbanked. We are currently positioned in the leading private sector and also state-owned banks as they have been proactively driving digital adoption to accelerate financial penetration," said Desmond Loh, a portfolio manager at JPMorgan Asset Management.
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