Manulife stays the course on Thai stocks | Bangkok Post: business

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Manulife stays the course on Thai stocks

Firm underweights other Asean equities

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Manulife Asset Management, the leading Canadian asset management firm, is neutral on the Thai stock market while underweighting Asean bourses, noting that currency is a risk for the region due to capital outflows. 

Asian and Asean bourses including the Thai stock market have risen for more than two years, and now regional currencies have begun to depreciate. This has prompted foreign funds to shift to other markets such as the US, where the economy has started to recover, according to Manulife Asset Management. PATIPAT JANTHONG

Linda Csellak, head of Asia-Pacific equities at Manulife Asset Management (Asia), said Asean and other Asian bourses including the Thai stock market have risen for more than two years, and now regional currencies have begun to depreciate. This has prompted foreign funds to shift to other markets such as the US, where the economy has started to recover.

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