Foreign Funds Move out of U.S. Dollar into Asian Equities
The MSCI Emerging Markets Asia Index surged 14.3% this year through March 29, outpacing a 6% gain in MSCI World – is an overvalued dollar pushing funds into Asian equities? From Asia Times Asian equity markets have been world-beaters so far this year as global investors unwind record positions in the US dollar and pump the proceeds into cheaper, higher-yielding