What's Become Of Asia's Small Caps?

Seven years ago, Asia’s smaller companies had rallied hard out of the Global Financial Crisis. Earnings momentum was strong and the risk appetite among investors was hearty. Fast forward to today, and interest in Asia’s small caps–as well as its performance as an asset class–is decidedly more mixed. Risks are perceived to have risen and skepticism returned with cries of “we can’t trust the numbers.” So it may be opportune, therefore, to reassess what has changed in this time and evaluate what lies ahead for Asia’s smaller companies. Despite the noise and volatility of the sector, there continue to be…