The ASEAN Exchanges CEOs convened in Manila, Philippines on 9 March for the 27th ASEAN Exchanges CEOs meeting and announced the ASEAN Exchanges / Invest ASEAN Roadshow that will be held in Asia to showcase the growth opportunities of the ASEAN Asset Class.
Moving into the seventh year of collaboration, the ASEAN Exchanges CEOs reaffirmed their commitment to the collaboration by joining forces to bring some of the most exciting listed companies and ASEAN products to the doors of institutional investors both, large and small, across the globe.
ASEAN is the sixth largest economy in the world, with a combined gross domestic product (GDP) of US$2.6 trillion (ASEAN Secretariat data). With a forecasted annual growth of 5%, ASEAN is one of the fastest growing global economies and is expected to become the fourth largest economy by 2030.
Speaking on behalf of the ASEAN Exchanges CEOs, Ramon S. Monzon of the Philippine Stock Exchange stated:
Since it was founded half a century ago, ASEAN has witnessed remarkable growth in becoming the economic powerhouse that it is today. The collaborative efforts of the ASEAN Exchanges have been vital in fostering greater diversity, innovation and investment opportunities within the region. As we look ahead to the next 50 years, we will continue to introduce more innovative products and services that will enhance the competitiveness of the ASEAN capital markets.
Together, the ASEAN Exchanges has over 3,000 listed companies on its Exchanges and represents a combined market capitalisation of almost US$3 trillion (World Federation of Exchanges (January 2018 data)).
We are embarking on the Invest ASEAN Roadshow to meet a need we have found with smaller institutional investors and family funds in key financial centres in Asia. The ASEAN Exchanges will assemble a representative set of their listed companies to share their stories to potential investors in the course of the roadshow,” Monzon concluded.