A new era of opportunity for Asian equity investors

Despite prospects of slow growth, they can reap healthy returns if history's lessons are any guide

THE pace of economic growth in Asia will inevitably slow as the region's economies mature, but I believe that investors in Asian equities can still reap healthy returns if the lessons of history are any guide.

The "Great Moderation" - a sustained period of macroeconomic growth and reduced volatility that began in the 1980s in the United States - has provided an important backdrop to the strong performance of US equities over the past three decades. Although temporarily disrupted by the global financial crisis (GFC) in 2008, the resurgence of "great moderation" dynamics post-crisis seemed to have once again helped to support the sustained performance of US equities over the last five years. I believe...

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