Market Commentary: December 2022

Market Commentary: December 2022     Global Market Themes: Central Banks continue their fight against inflation and global growth continues to slow Chinese economic reopening buoys Chinese equities despite unclear path ahead New UK Prime Minister helps stabilise UK...

China Market Commentary: December 2022

China Market Commentary: December 2022  Here are this month’s highlights:The direction of Covid policy is now very clear, and a full reopening scenario is upon us.The government has stepped in to provide support to the all-important property sector.We think China is...

Market Commentary: November 2022

Market Commentary: November 2022     Global Market Themes: US CPI Inflation surprises to the downside, catalysing a risk-on rally Federal Reserve likely to slow pace of interest rate increase going forward China reopening narrative boosts global risk appetite Economic...

China Market Commentary: November 2022

China Market Commentary: November 2022   Here are this month’s highlights: The recent Covid-related protests in multiple cities suggest that volatility will persist in the near term. China has more STEM graduates than India, the US, Russia, Iran, Indonesia and Japan...

Market Commentary: October 2022

Market Commentary: October 2022     Global Market Themes: Narrative of global slowing in place of interest rate hikes buoys risk assets Third quarter company earnings in line or better than expected, supporting equities Appointment of new prime minister provides...

China Market Commentary: October 2022

China Market Commentary: October 2022  Here are this month’s highlights:The Hong Kong’s Hang Seng Index fell by 6.4% on the Monday after the new Politburo Standing Committee was announced at the Chinese Communist Party Congress. The Golden Dragon Index of US-listed...

Market Commentary: September 2022

Market Commentary: September 2022     Global Market Themes: Equity and fixed-income markets experience more pain in September Bank of England abruptly reverses course on Quantitative Tightening Japanese Yen sees first currency intervention in 24 years US Federal...

China Market Commentary: September 2022

China Market Commentary: September 2022  Here are this month’s highlights:The bulk of the manager cohort was underweight to China compared to the neutral benchmark index weight.The median global emerging market manager has also come to realise the importance of...