Asia (excluding China) has drawn approximately $100 billion in capital inflows over the past nine months as global investors diversify away from the U.S., according to Kevin Sneader, Goldman Sachs President for Asia-Pacific ex-Japan, speaking at the Milken Institute Asia Summit 2025.
While Japan has been a major beneficiary, China’s equity rally remains primarily domestically driven, though foreign investors are now taking a closer look. Key sectors attracting interest include technology, consumer discretionary, industrials, and healthcare in private markets.
Dilhan Pillay, Temasek CEO, highlighted that geopolitics, tariffs, and energy constraints are reshaping global returns, noting that AI is now “the most pervasive factor across political, social and economic landscapes.”
With better capital markets, more exit opportunities and private equity deals are expected across Asia over the next six months, per Ankur Meattle, GIC.