Emerging Asia, PH equities in valuation ‘sweet spot’

SINGAPORE: Equities in emerging Asia, including the Philippines, are currently occupying a “sweet spot” on the global valuation map as investors find the markets’ strong macro-fundamentals still attractive despite recent years’ gains, according to an analysis by asset management firm Eastspring Investments (Singapore) Ltd.

A market such as the Philippines, although already expensive at current levels, still presents a viable investment option given its favorable demographics, increasing urbanization and economic modernization, said Eastspring Investments, the asset management business of Prudential Corporation Asia.