Market Edge: Manulife Asset Management sees Asian equities having better odds this year, primarily due to weak USD, low rates, and better handling of COVID cases. Head of equities for Asia Ronald Chan says earnings this year will also be supportive and institutional investors have not even gone ‘overweight’ on Asia in a meaningful way yet. Meanwhile, the Philippine market lags behind Asian peers due to weak banking and retail spending as well as the absence of tech and medical names that have been exciting investors elsewhere.
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