Asset owners outside Asia often hire Western firms to manage their Chinese equity portfolios, despite mainland fund houses’ lower charges. But there are pros and cons to weigh up.
Elizabeth Soon, head of Asia ex-Japan equities, says unpredictable markets puts the focus on companies robust enough to survive the crisis and gain market share over the long term.
The spread of COVID-19 has placed extraordinary pressure on the markets. The stronger fundamentals, market structures and dynamics of Asian economies and bond markets are some of the main factors underpinning the relative resilience of Asian local currency bonds.
In our latest Year of the Rat outlook, we consider which mainstream assets will be the top performers, and which are the ones to avoid.
The head of the fund house's China/Hong Kong equity desk and the lead Hong Kong equity fund manager have left, with potential implications for clients' investments.
Facing a world where generating returns could become more challenging, investors are increasingly eyeing new opportunities in emerging markets.