Manulife expects K-shaped recovery, bullish on Asia equities

Singapore

IT is going to be a K-shaped recovery, and Asia equities which are generally trading at 30 per cent discount compared to those in developed markets will offer a higher chance for capturing alpha as the roll-out of the Covid-19 vaccines and reopening of borders will bring closer the normalisation of economies.

In its 2021 Investment Outlook, Manulife Investment Management said Asia and emerging markets are poised to lead the global economic recovery, and advised investors to stay invested and diversified in 2021.