EM Fund Stock Picks & Country Commentaries (July 7, 2024)
150 trends to 2030 (adjusting for AI), AI's transformer bottleneck, India vs China's digital economy, Poland/Turkey/Greece/CEE doing well, where China avoiding funds invest, Asian stock plays, etc.
As of the start of July (and the extra long July 4th weekend in the USA), a few new June factsheets have dropped along with some new research or fund webinars:
🚨 Barclays has this report for AI lovers: 150 trends to 2030: Adjusting for the effect of AI - The 2030 Thematic Roadmap identifies 150 trends across six thematic paradigms, plotting each trend based on its potential impact to society using an ‘impact’ vs. ‘likelihood’ methodology. To supplement this methodology, our analysts employ a wide range of thematic datasets, from patents and M&A-related data, to hiring and private funding information.
Many of this decade’s mega-trends, including demographic change, digitalisation and decarbonisation, are still reflected in this year’s roadmap. However, our Research analysts have also identified ten new trends this year, across six broad paradigms: Technology & Financials, Consumer, Food & Retail, Industrials, Manufacturing & Transportation, Healthcare & Modern Science, Energy & Environment, and Society & Culture.
Fidelity has this piece: A turning point for emerging market equities? (July 2024) - After a decade of relative weakness for emerging market equities, investors are starting to ask whether the tide may be turning for the asset class.
Lazard has this outlook: Ronald Temple's Mid-Year Outlook 2024 - Ronald Temple, Chief Market Strategist, analyzes the forces that stand to impact global markets as the second half of 2024 unfolds, including the results of a razor's-edge US election, China's ongoing housing challenges, and potential Eurozone policy easing.
The following funds or fund managers have new factsheets, commentaries, research pieces, podcasts or webinars that would interest investors in Asia:
🌏 PGIM has this 30 page report covering Australia, Japan, Southeast Asia and India: Building Asia-Pacific’s Future: Investing in Infrastructure - There are four underlying themes to consider when assessing the infrastructure landscape in Asia-Pacific: 1. Asia-Pacific countries have unique infrastructure needs and challenges. 2. Four Ds are driving major change: demographics, deglobalization, digitization and decarbonization. 3. Infrastructure financing flows through both public and private markets. 4. Digital infrastructure is a fast-growing sector in Asia-Pacific, driven by AI and the cloud.
🚨 🇮🇳 🇨🇳 This Van Eck piece noted how in China, early tech giants captured critical infrastructural niches and created substantial barriers to entry. This is not the case in India with it’s so-called Digital Stack and hands-off regulatory environment: How India’s Digital Economy Compares to China - The compelling investment opportunity in India's consumer internet sector is driven by a combination of supportive infrastructure, favorable regulatory conditions, and a burgeoning startup ecosystem.