BlackRock optimistic on Asia in 2017

Singapore

ASSET management giant BlackRock is optimistic about the year ahead, despite risks coming from a strengthening US dollar and heightened political risk in the US and Europe.

In Asia's favour are relatively lower valuations since the US election, stronger macroeconomic fundamentals, and a recovering China, fund managers said.

"We are increasingly optimistic on Asia given positive signs of reflation and a recovery of nominal GDP (gross domestic product) growth …