The rise of private markets and the growth of special purpose acquisition companies (SPACs) as IPO alternatives in the US, has sparked demand to accelerate the evolution of the region’s capital markets. In the meantime, passive investments, including ESG indexes, continue on a high growth trajectory and may overtake active investing in the next few years. With the changing demographics and investor demand, as well as disruptions from the pandemic, higher inflation and liquidity issues in Asia property debt markets, what trends and changes will shape the short-term and long-term outlook for the region’s capital markets? How should these directions inform investment strategies?
