EM Fund Stock Picks & Country Commentaries (December 1, 2024)
China's steel & lithium prospects, Vietnam's reduced “Trump Risk,” Mexico a prime tariff target, governance improvements in So. Europe, Europe in deep sh*t, Greece spotlight, Pakistan trip report, etc
As of the start of December and the end of the USA’s Thanksgiving week, more fund updates for October is available (our continuously updated post containing all funds is here) along with new research - including these couple of random pieces:
🔬🌐 Robeco has this report: Fintech’s powerful momentum: 10 key charts
With the Magnificent Seven grabbing headlines, the outperformance of fintech companies has flown under the radar in 2024. Here are ten charts showing the fintech trends underpinning this powerful momentum.
Strong recovery in fintech continues as sector outperforms in 2024
Rapid global consumer penetration in payments, data and financial services
Capital markets fuse is lit as earnings start to flow
📰🌐 Maybe it’s due to the US elections finally being over, but I was pleasantly surprised by the honesty (regarding possible Trump tariffs, the true state of the US economy & labor markets, US stock valuations, etc.) of Dr Anna Wong, Chief U.S. Economist for Bloomberg, in this interview with another Substacker (as I doubt corporate business media would have her on…) that was naturally picked up by Zerohedge: Economy "Very Shaky", Unemployment Likely To Surge | Anna Wong, Bloomberg (Zerohedge) 🗃️
🎥 Economy "Very Shaky", Unemployment Likely To Surge | Anna Wong, Bloomberg (Adam Taggart | Thoughtful Money®) 1:00:11 Hours (November 2024)
🔬🌐 Goldman Sachs has this report Asset Management Outlook 2025: Reasons to Recalibrate - We are pleased to share Goldman Sachs Asset Management’s 2025 Outlook: Reasons to Recalibrate.
🔬🌐 This section of the report covers emerging markets: Asset Management Outlook 2025: Broader Equity Horizons - We expect the return structure of the stock market to broaden in 2025 against a backdrop of easing cycles and resilient growth. High valuations in some areas provide motivation for diversification. We see potentially undervalued long-term opportunities in the US, internationally and across the market cap spectrum.
🔬🌐 2025 investment outlook: After the landing (Invesco) - Our outlook provides a macro “base case” scenario that we believe is most likely. We also provide two alternate scenarios that clients might anticipate — an upside and a downside — as well as some of the “swing factors” that could also alter our expectations. And we provide asset implications for all three scenarios.
New Asia Fund Documents & Research
🔬🇯🇵 We don’t cover Japan too much but this Fidelity International piece discussed once-through boiler stock Miura Co Ltd (TYO: 6005 / OTCMKTS: MIURF), Muji brand of general merchandise store operator Ryohin Keikaku Co Ltd (TYO: 7453 / FRA: 3RK / OTCMKTS: RYKKF), Hello Kitty brand owner Sanrio Co Ltd (TYO: 8136 / FRA: SJ8 / OTCMKTS: SNROF):
Japan: Why small and mid cap companies look particularly attractive - Following Donald trump's recent election victory, Nicholas [Portfolio Manager, Fidelity Japan Trust PLC (LON: FJV)] reflects on the impact this has on Japan and where he is seeing opportunities.