Tech Stocks Push Asia Markets Higher

What has driven Asia Pacific stock returns in 2017? More than a third of shareholder returns have been from tech stocks, with four companies dominating the industry

Simon Dorricott 30 November, 2017 | 9:55AM
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Shanghai, China

Investors in Asia-Pacific ex-Japan equities have been well rewarded during 2017 with a gain of just over 32% for the index. The region has outperformed compares favourably to global equity markets, with the MSCI AC World Index showing growth of 19.7%.

Looking more deeply into the Asia Pacific excluding Japan Index returns shows a significant part of the growth – more than a third – being derived from just one sector, information technology. Taking this a stage further to the stock level again shows significant concentration of returns.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Invesco Asian UK Acc957.96 GBP-2.49Rating
Schroder ISF Asian Ttl Ret C Acc USD409.21 USD-3.44Rating
Veritas Asian A GBP974.83 GBP-2.39Rating

About Author

Simon Dorricott  is a Senior Fund Analyst for Morningstar

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