EM Fund Stock Picks & Country Commentaries (September 1, 2024)
Picking EM stocks capable of paying long-term dividends, bottom-up Chinese stock picking, China + India focus on fiscal discipline, the creeping reversal of globalisation, global mega themes, etc.
As of the end of August and the USA’s Labor Day weekend, more July or quarterly updates have become available plus new research worth noting:
🔬🌏 Wellington Management has this piece: Asia’s Evolving Venture Capital Market - But as with any growth story, peeling back a few layers reveals the opportunity set is just as complex as it is exciting. In our view, it is a mistake to assume that Asian VC markets operate in the same way as their Western counterparts, and investors should carefully navigate the key differences between them to translate this growth into strong performance.
🔬🌏 Invesco has this series: Private markets for Asian investors: Growth - This is the third of a four-part blog series on integrating private markets into Asian investor portfolios, while accounting for FX risk. The first blog in our series set the scene in terms of opportunities and challenges for Asian investors. The second blog in our series focused on private income investments, while this piece will focus on private growth. Our final blog will analyse real return opportunities.
🔬 Platinum Asset Management has this piece that mentioned a number of stocks: Reversing globalisation – will investors pay? - When we look at the forces affecting international shares we find one trend yet to be fully priced in – the creeping reversal of globalisation.
🔬 abrdn has this piece: Thematic Investing: uncovering rich seams with mega themes - Major themes such as globalisation, geopolitics and technology are busy shaping economies and markets. Find out how they could increasingly change the way we invest.
The following funds or fund managers have new factsheets, commentaries, research pieces, podcasts or webinars that would interest investors in Asia:
🔬🌏 Invesco has this piece: U.S. Presidential Election Update: What Could Kamala Harris Mean for Asia? - Overall, I think protectionism is bipartisan, yet its risks of escalating into a second trade war would be far higher should Trump govern the country. Harris’ plans for the economy are yet to take shape, but her governance approach would almost certainly be more constructive for the evolving US-China relationship.