April issue: The bulls in China’s shop The past 10 years was dominated by US market performance but the next decade is Asia’s time to shine for investors, according to JP Morgan Asset Management. North Asian economies have better contained Covid-19 than most, while their monetary and fiscal response to the pandemic has been smaller scale than in Europe and the US which the fund group says has led to bond yields falling less in Asia. The IMF expects emerging and developing Asia’s GDP to grow 8.3% this year, with India’s at 11.5% and China’s at 8.1%. This compares with 4.5%, 4.2% and 5.1% for the UK, euro area and the US, respectively.