The Global X FTSE Southeast Asia ETF (ASEA) provides exposure to a dynamic and rapidly. Beyond its impressive recent economic growth, the region is also a beneficiary of the “nearshoring” trend, as companies re-assess their supply chains due to U.S./China trade tensions and the COVID-19 supply-chain crisis. Southeast Asia also boasts favorable demographics, increasingly higher value-added manufacturing, larger domestic-demand led markets, and market friendly political reforms. Overall, we believe that a combination of increasing political stability, a focus on strategic investments, and the strengthening of regional partnerships will likely drive strong economic growth in Southeast Asia in the coming years.
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Related ETFASEA – Global X FTSE Southeast Asia ETF