Saxo Bank To Boost Asian Presence

Amanda Cheesley

19 June 2024

Amidst growing optimism in investment opportunities in Asia, is optimistic about investment opportunities in Asia. “Asia remains the most important growth engine of the global economy with projected GDP growth and earnings' growth for Asia ex-Japan in 2024 at 4.6 per cent and 23 per cent, respectively, well above the global peers,” Fan said in a recent note. She holds an overweight view on equities in Japan, India, and South Korea, where she sees the best opportunities to tap into Asia’s structural growth themes. See more commentary here.

Kelly Chia, deputy head of research Asia at Swiss private bank Julius Baer, also thinks that Japan remains a market that will be able to compete with the Standard & Poor’s 500 Index in 2024. Other wealth managers, such as BNY Wealth Management, favour Japanese equities in 2024. Michaël Lok, group CIO and co-CEO asset management at Swiss private bank Union Bancaire Privée, Willem Sels, global chief investment officer at HSBC Global Private Banking and Wealth, are also positive about Japanese equities in 2024.