Fund Managers Are Far Less Giddy About Southeast Asia This Year
Posted On: 02 Nov 2017 | Bloomberg
Read the full article at Bloomberg here.
By Michelle Jamrisko | 1 November 2017
Southeast Asia is on track to receive less than half the private capital it lured from fund managers in 2016.
Investment across the region’s economies slowed to just $896 million in the first half of 2017, compared with last year’s overall total of $4.2 billion, according to data from the Emerging Market Private Equity Association. Singapore attracted the most funds in the period, followed by Vietnam.
While the data can be lumpy and full-year figures are yet to be tallied, the slump in Southeast Asia might be another sign that the region’s economies are losing out to China and India, which can accommodate cross-border deals rather than trap business in a domestic economy, according to global industry body EMPEA.