SINGAPORE (July 10): Asia ex-Japan equities have outperformed their developed market peers in the year to date, with the MSCI Asia ex-Japan index gaining 22.56% compared to just 9.88% for the MSCI World Index (developed markets), according to Bloomberg statistics cited by Manulife Asset Management.

In a Monday release, the asset management arm of Manulife Financial says the outperformance was a result of three favourable factors enjoyed by the region, namely: positive earnings revisions, a supportive economic environment, and relatively stable political developments as compared to the US and UK.

Exports in South Korea and Taiwan have notably reached multi-year highs over the past few months on increased demand for electronics – while capital inflows continued into Asia’s emerging markets YTD.

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