Foreign funds move from Southeast Asia to India, China

A record month of redemption from equity mutual funds invested in Southeast Asia suggests a boom in these markets could be over as money managers set their sights on China and India.

Pricey share valuations in Southeast Asia are steering the funds to cheaper markets after a bull run in which the Philippines and Thailand were some of the best performers in the world.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1109867/foreign-funds-move-southeast-asia-india-china