• Capital market enjoyed strong momentum in 2016 with a record setting in Q4 of US$35bn and a fourth straight year above US$100bn. However, fewer investors want to deploy more capital this year.
  • Economic anxieties and possible reversal of the interest rate cycle curb the investment intentions.
  • More investors shift focus to chasing yield spreads, particularly real estate funds, given low yield and risk of higher bond yields.
  • Australia, Japan and China remain the primary focus but interest in Vietnam is rising significantly.