Thailand's currency could strengthen over the next one to two years due largely to capital inflows, a J.P. Morgan executive said Friday.
"The geographic shift isn't just to Thailand but to the whole region. Investors from the U.S. down to Australia are looking to increase asset allocation in emerging markets," Angus St. John, executive director and head of Southeast Asia Worldwide Securities Services at J.P. Morgan in Singapore, told Dow Jones Newswires.
He said, "many stock markets in the region could benefit from the fund flows," and that he viewed the outlook for Thailand's stock market as sound.
Planned cross-border stock trading among Asean countries might not only encourage trading in the region, but also attract foreign funds, he said, speaking on the sidelines of an investment forum in Bangkok.
He also said many challenges are on the horizon for euro-zone nations, and that there are signs of improvement in the U.S. economy.
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