Asia outside of China has drawn roughly $100 billion in capital inflows over the past nine months, according to Kevin Sneader, Goldman Sachs’ president for Asia-Pacific ex-Japan. Speaking at the Milken Institute Asia Summit in Singapore, he said investors are diversifying beyond U.S. markets, with Japan a key beneficiary of the shift.
China’s recent equity rally, Sneader noted, has been led by domestic money and tech-sector interest, though foreign investors are beginning to re-engage. He stressed that these flows reflect diversification, not an exodus from the U.S., and cautioned against over-interpreting them given the role of “fast money” hedge funds rather than long-term mutual funds.
Sectors drawing the most attention across Asia include technology, consumer discretionary, and industrials, with healthcare increasingly appealing in private markets, Sneader added.
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Invo via Reuters ICYMI
