They are home to 87 per cent of the world’s population (including 77 per cent of the Gen Z contingent), with the fastest-growing middle class, presumably all hankering for the usual consumer goods that go with it. Plus, they’ve driven 67 per cent of global GDP growth over the past decade and are forecast to account for about 60 per cent of total GDP by 2026. Yet, their combined sharemarkets represent only 13 per cent of the market capitalisation of international equities. You can almost see the blue sky. The problem comes back to a financial truism – sharemarkets are...