China’s bumpy road to recovery
This paper, written by Chaoping Zhu and Marcella Chow, discusses the outlook of China and policy implications.
Simplify the complex with our timely and thought-provoking insights on market events and outlook and make informed investment decisions more confidently.
On Investors' Minds - APAC Edition
Listen to the latest insights from Tai Hui to better understand what is happening in the financial markets from our Asia Pacific headquarters in Hong Kong
This paper, written by Chaoping Zhu and Marcella Chow, discusses the outlook of China and policy implications.
This paper, written by Raisah Rasid and Adrian Tong, discusses the outlook of Asia tech and the investment implications.
In our 2024 Year Ahead, we address 12 frequently asked questions by investors in the region and beyond. We hope our insights can help you navigate the road ahead, on the way to your investment objectives.
Coming into 2023, the rallying cry from the asset management community was “Bonds are Back! ”. There were several reasonable assumptions behind this call.
This paper, written by Tai Hui and Meera Pandit, summarizes the potential underlying market and policy implications of 2024 U.S. elections. (3-minute read)
This paper, written by Adrian Tong and Jennifer Qiu, summarizes the recent key central banks' decisions and their implication on asset allocation. (3-minute read)
This paper summarizes the key highlights from the latest Federal Open Market Committee meeting. (3-min read)
This paper, written by Marcella Chow and Adrian Tong, highlights the recent performance of Asia high dividend equities and the factors influencing its outlook with investment implications. (3-minute read)
This paper, written by Raisah Rasid and Adrian Tong, discusses the outlook for Asian assets in the current global yield environment. (3-minute read)
This paper, written by Meera Pandit and Nimish Vyas, discusses our projections for the 3Q23 U.S. earnings season and the investment implications.
This paper, written by Tai Hui, discusses the factors driving oil prices and the Fed policy outlook.
After well over a year of anxiously anticipating an economic recession, the U.S. economy continues to look sound. However, as we enter the “fall of worry” there are several risks on the horizon this autumn: impacts from the UAW strike, rising oil prices, the resumption of student loan payments, and the potential for a government shutdown.
This paper, written by Tai Hui, summarizes the latest round of central bank meetings and discusses outlook for U.S., UK and European economy with its investment implications. (3-minute read)
This paper summarizes the key highlights from the latest Federal Open Market Committee meeting. (3-min read)
This paper, written by Adrian Tong, highlights the driving forces and outlook of oil, food and metal prices, with their implications on policy and growth. (3-minute read)
This paper, written by Jordan Jackson, discusses the outlook for inflation, Fed policy and real rates, as well as the investment implications.
This paper, written by Marcella Chow and Adrian Tong, addresses the key drivers and outlook of Asian domestic demand with its investment implications.
This paper, written by Jennifer Qiu and Adrian Tong, discusses the risks of corporate caution in the U.S. and the impact on the Asia tech sector.
This paper, written by David Lebovitz and Kerry Craig, discusses outlook for real assets, especially in the office space.
This paper, written by Tai Hui, discusses China's property market, deflation risk and the investment implications.
This paper, written by Jordan Jackson, discusses the recent rise in U.S. 10-year Treasury yield and the investment implications.
This paper, written by Chaoping Zhu, Marcella Chow and Jennifer Qiu, discusses the recent China activity data and the investment implications.
This paper, written by Karen Ward and Hugh Gimber, discusses sustainable investing returns performance and ongoing shifts in the landscape.
This paper, written by Tai Hui, discusses the state of the U.S. economy and the investment implications on fixed income.
This paper, written by Kerry Craig, summarizes the previous highlights and upcoming outlook for central banks' meetings with investment implications.
This paper summarizes the key highlights from the latest Federal Open Market Committee meeting. (3-min read)
This paper, written by Tai Hui, discusses the outlook for India equities and the investment implications.
This paper, written by Meera Pandit and Nimish Vyas, discusses the recent U.S. equity market performance, earnings outlook and the investment implications.
This paper, written by Chaoping Zhu, discusses the inflation outlook for China, policy expectations and the investment implications.
This paper, written by Kerry Craig, discusses the outlook for commercial real estate, the impact on the banking sector and the investment implications.
This paper, written by Stephanie Aliaga, reviews the May U.S. CPI report and the investment implications.
This paper, written by Ian Hui, addresses our view for U.S. dollar and outlook on interest rate differentials with investment implications. (3-minute read)
This paper, written by Marcella Chow and Adrian Tong, discusses the outlook for global equity earnings and the investment implications.
Learn more about our latest outlook on the global economy and policy, and the implications for investors in the next 6-12 months.
This paper, written by Tai Hui, discusses our rate expectations and the investment implications.
This paper, written by Tai Hui, highlights the key drivers of Japanese equities and outlook of Japanese yen with investment implications. (3-minute read)
This paper, written by Adrian Tong and Jennifer Qiu, discusses the recent U.S. equity rally and the outlook for U.S. technology stocks.
This paper, written by Tai Hui, discusses the expectations of global monetary policy in 2H23 and the investment implications.
This paper, written by David Lebovitz and Nimish Vyas, discusses the 1Q23 U.S. corporate earnings and the investment implications.
This paper, written by David Kelly, discusses the U.S. debt-ceiling issue and the investment implications.
In a highly anticipated policy decision, the Federal Open Market Committee (FOMC) voted to raise the Federal funds rate by 0.25% to a target range of 5.00%-5.25%, the highest level since June 2006.
This paper, written by Marcella Chow, discusses the outlook for Asia fixed income and the investment implications.
This paper, written by Jack Manley, discusses the new payment service FedNow and its implications on the U.S. dollar
This paper, written by Chaoping, discusses the latest Chinese economic data and the investment implications.
This paper, written by Tai Hui, discusses the challenges to our key asset allocation views.
This paper, written by Kerry Craig and Marcella Chow, discusses the recent tightening of credit conditions, risk of a recession and the investment implications.
This paper summarizes the key highlights from the latest Federal Open Market Committee meeting. (3-min read)
This paper, written by Tai Hui, discusses the recent bank failures and our expectations of the March FOMC meeting results.
This paper, written by Kerry Craig, discusses the Fed's 2% inflation target and our expectations of the inflation trajectory.
This paper summarizes the failure of Silicon Valley Bank and the implications on Fed policy and investments. (3-min read)
This paper, written by Tai Hui, addresses the outlook for U.S. dollar and the key factors driving its performance with investment implications.
Learn whether rising interest rates could cause a housing market crash and what it means for consumers.
This paper, written by Chaoping Zhu, provides the preview of the National People's Congress annual session and its investment implications. (3-minute read)
Our principle six time-tested strategies for guiding investors and their portfolios through today's challenging markets to reach tomorrow's goals.
This paper, written by Marcella Chow, Shogo Maekawa, Jennifer Qiu and Adrian Tong, discusses the outlook for Japan's monetary policy and its investment implications.
The Solving for Income presentation uses selective slides from the Guide to the Markets – Asia to examine the role of income and how it will benefit investors by keeping it as a key investment objective.
This paper, written by Marcella Chow, discusses our views on growth and rates, as well as the outlook for different fixed income assets. (3-minute read)
This paper, written by David Lebovitz and Nimish Vyas, discusses the 4Q22 U.S. earnings results so far and the investment implications. (3-minute read)
This paper, written by Tai Hui, discusses U.S. growth and inflation, as well as expectations of the Fed's upcoming rate decisions.
This paper, written by Marcella Chow, Adrian Tong and Jennifer Qiu, discusses the impact of China’s reopening on tourism, trade and inflation.
This paper, written by Chaoping Zhu, discusses the outlook for the Chinese economy with update on latest GDP number and situation of COVID-19. (3-minute read)
This paper, written by Tai Hui, Chaoping Zhu, Marcella Chow and Adrian Tong, discusses continued hawkishness among DM central banks and China's Central Economic Work Conference.
The Federal Open Market Committee (FOMC) voted unanimously to raise the Federal funds rate target range by 0.50% to 4.25%-4.50%. (3-min read)
This paper summarizes the key highlights from the latest Federal Open Market Committee meeting. (3-min read)
This paper, written by Chaoping Zhu and Marcella Chow, discusses the outlook for the Chinese economy and CNY in light of the recent easing of COVID restrictions and upcoming policy conferences.
The US economy is showing signs that the post pandemic surge is beginning to moderate, but we do not think a recession is imminent. Nonetheless, stocks are near correction territory, consumer sentiment has soured to levels last seen in 2011, geopolitical tensions are elevated, and prices are higher everywhere; all of which challenge this view.
The Russia-Ukraine Chart Pack aims to help investors understand the investment implications of the current situation in Russia and Ukraine holistically and why it is important to stay invested
Explore how investors can hedge against inflation to protect their capital in the next cycle with the help of alternatives and cyclical sectors.
Today, there are more job openings than there are unemployed workers. Explore what impact a tight labour market could have on inflation in 2022.
The challenge of low government bond yields means investors must rethink the 60:40 stock:bond allocation. Discover where they can turn for diversification.
This paper, written by Tai Hui, discusses the implications of newly-elected President Biden's policies, such as those regarding COVID-19 and China.
This paper, written by Tai Hui, discusses the implications of rising Treasury yields on inflation, the U.S. dollar and overall economic recovery.
This paper, written by Alex Cheung and Ian Hui, discusses the outlook on the Chinese fixed income market following FTSE Russell’s decision to include China in its World Government Bond Index.
This paper, written by Tai Hui, analyzes the S&P 500 earnings reports and forecasts and their implications on the recovery from the effects of COVID-19.
This paper, written by Tai Hui, examines the recent decline of the U.S. dollar and its implications on global markets.
A number of countries have seen a pick-up in new infections in recent weeks. Instead of derailing the global economy and forcing another dip in economic activities, the latest outbreaks are more likely to dampen and delay the global economy making a full recovery.
This paper, written by Marcella Chow and Chaoping Zhu, discusses the rebound in Chinese economic activity and its implications for investors.
China’s stock markets have been experiencing a strong rally since last week, and the upward momentum seems to be building further.
This paper, written by Ian Hui and Chaoping Zhu, looks at the attractiveness of the Chinese bond market in the current global environment.
Is it Europe’s time to shine?
June 2, 2020
Year-to-date, emerging market (EM) equities are down -17.6%, as a combination of the COVID-19 recession and the oil price shock has led to downward revisions to earnings expectations, as well as weaker currencies relative to the U.S. dollar.
While dividends in some regions are likely to face pressure in the coming months, now is not the time to give up on equities as a key source of income for multi-asset portfolios.
This paper, written by Tai Hui, provides an update on fixed income investment opportunities.
This paper, written by Chaoping Zhu, provides a preview of China’s expected economic policies ahead of the National People’s Congress.
The COVID-19 crisis is causing short-term ESG repercussion and longer-term shifts. Find out why sustainability has never been more important for investors.
This paper, written by Tai Hui, provides an analysis of the potential long-term investment implications from COVID-19.
This paper addresses the FOMC's April meeting announcement.
The leader of the European Central Bank (ECB) has become very familiar with the challenge of ‘threading the needle’ in recent years and the test facing Christine Lagarde today was no different.
April 28, 2020
Investors are keenly monitoring the number of new infections around the world to gauge whether the COVID-19 outbreak is under control.
Rising production and collapsing demand due to the COVID-19 pandemic is causing an unprecedented glut in the oil market. As a result, we are currently witnessing a pronounced supply and demand shock that has sent oil prices to a multi-year low.
This paper, written by Chaoping Zhu, discussed the performance and outlook of Chinese economy, policies amid the global pandemic and implication for investors.
Spreads on emerging market (EM) bond yields have widened to levels not seen since the global financial crisis as concerns grow about the size of the economic downturn.
Oil prices collapsed in early March due to the price war between the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, and Russia
As governments around the world step up their fiscal packages to counter the economic fallout from the COVID-19 outbreak, the Chinese government is also following the same path.
Initial claims for unemployment insurance surged to the highest level ever: 3,283,000, spiking from a slightly revised 282,000 last week.
This paper, written by Dr. David Kelly, reviews the U.S> relief bill and its investment implications.
The U.S. Federal Reserve (Fed) has pulled out its alphabet bazooka in an effort to ensure sufficient liquidity and the smooth functioning of financial markets, while also providing credit to businesses that are affected by the spread of COVID-19 and the stall in global economic activity.
In the past two weeks, the traditional negative correlation between equities and government bonds has broken down.
The U.S. Federal Reserve (Fed) opted for another surprise rate cut this morning (March 16, Asia time), instead of waiting for the March 17-18 Federal Open Market Committee meeting.
It is important to avoid trying to predict the future; rather, clients are best served by monitoring the present situation and maintaining composure.
Worries about the spread of the COVID-19 virus continued to grip markets this week.
This paper, written by Tai Hui and Kerry Craig, addresses the latest equity markets’ correction and its investment implications.
The good news is that the number of new confirmed COVID-19 cases in China is coming down and that more people are now recovering than getting infected.
The U.S. Federal Reserve (Fed) has become a dominant player in the bond market through successive rounds of quantitative easing (QE).February 19, 2020
The economic fallout from the Coronavirus outbreak is expected to become more significant for the rest of Asia in the weeks ahead.
China will also need to start addressing the economic fallout soon, as businesses face significant pressure from disruption to consumption.
This paper, written by Chaoping Zhu, discusses the outlook on China following its recent economic data releases and fresh outbreak of COVID-19 infections.
Policymakers on both sides of the Pacific have emphasized that they view their work as incomplete and that several issues remain un-addressed.
The U.S. and Chinese governments gave markets an early Christmas present when they agreed to a partial trade deal. However, much will depend on the details.
Managing Director Chief Market Strategist, Asia Pacific
Executive Director, Global Market Strategist
Executive Director, Global Market Strategist
Executive Director Global Market Strategist
Executive Director, Global Market Strategist
Vice President Global Market Strategist
Managing Director Chief Market Strategist, Asia Pacific
Executive Director, Global Market Strategist
Executive Director, Global Market Strategist
Executive Director Global Market Strategist
Executive Director, Global Market Strategist
Vice President Global Market Strategist