Global Funds Rush Into Southeast Asia Stocks as Fed Pivot Play

Southeast Asian equities have cemented their position as a favorite play of money managers positioning for the Federal Reserve’s policy pivot.

Four of the five best-performing Asian equity benchmarks this month are from the region, with Thailand leading the pack. The buying frenzy has put foreign inflows on track for a fifth consecutive week while the MSCI Asean Index is now trading near its highest level since April 2022.