An impending interest-rate rise in the U.S. has spurred massive capital outflows from emerging markets, but some experts are not rushing for the exit just yet.
Invesco's investment director Jalil Rasheed, for one, thinks there are buying opportunities in Southeast Asia following the brutal sell-off that has taken the MSCI Southeast Asia Index down by 13 percent in the year to date.
"It has been an under-loved asset class. When there's an emerging market outflow, ASEAN will be affected because when that outflow happens, it occurs as a bloc," Rasheed told CNBC's "Capital Connection" last Wednesday. "ASEAN was over-heated for the last two to three years so this correction is long overdue and oversold in my view. It has given us a great opportunity to buy more stocks."
David Riedel, president and founder of Riedel Research Group, agrees.
"People have been overly focused on the macro themes over the last six months but opportunities are coming up for investors to look at individual names in Southeast Asia that have exposure to strong trends," Riedel said.