Indonesia and India face structural obstacles to economic growth from the double whammy of weaker currencies and high oil prices. Lack of fuel subsidy reform is holding both back.
The recent falls in Asean stock markets have created a tremendous buying opportunity, says investment director Abdul Jalil Rasheed, but further falls could be coming.
Manulife Asset Management Indonesia took in strong inflows last year and has lured a senior executive from local rival BNP Paribas Investment Partners.
The expected introduction of third-party securities clearing next year will coincide with the expansion of the asset management sector, says BNP Paribas.
Doug Coulter of LGT Capital Partners highlights Indonesia and India as being the most interesting private equity targets for those who want an alternative to China.
Higher income expectations, healthy savings and rising aspirations will fuel consumer spending in 2011, according to a new Credit Suisse survey of seven emerging markets.