From seeing Asia’s trends to knowing markets that stand to benefit
Seeking out opportunities in Asia amid growing wealth, consumption and savviness.
Which is why JPMorgan Asia Growth Fund seeks to capture capital growth opportunities from quality companies benefiting from long-term structural themes in Asia.
There’s still more to know about Asia
Asian governments and corporates have generally demonstrated their ability to mitigate downside risks of the COVID-19 pandemic with decisive moves and flexible approaches. Asia’s economies, led by China, are among the first to regain their growth momentum as consumers and corporates resume activities.
Even with the fallout of the pandemic, Asian equity market returns have largely been positive in 2020, driven predominantly by South Korea, Taiwan and China. With rates likely to stay low for longer and posing a challenge to long-term investors, the continuing evolution of Asian stock markets could offer diversification potential and structural growth opportunities.
Global and Asia equity market returns
How JPMorgan Asia Growth Fund taps into Asia’s growth potential
When seeking potential growth opportunities for JPMorgan Asia Growth Fund, we believe there are a number of sectors which offer opportunities for sustainable growth. Some of these have even been accelerated by the COVID-19 pandemic, such as increased digital adoption.
Additionally, the rise of the middle class and lifestyle changes could play increasingly significant roles in Asian equity markets, particularly in technology, consumption of goods and financial services, and healthcare.
For illustrative purposes only based on current market conditions, subject to change from time to time. Not all investments are suitable for all investors. Exact allocation of portfolio depends on each individual’s circumstance and market conditions. Provided to illustrate broad market trends, not to be construed as research or investment advice.
The digital wave has transformed Asia’s markets. Some innovations such as e-commerce and payment systems have already started a lifestyle evolution across Asia.
Rising demand for technological products and services, alongside the adoption of technology such as cloud computing, artificial intelligence and 5G is benefitting market leaders in Asia as well as opening up potential investment opportunities.
For illustrative purposes only.
The global middle class grew by a billion people over the past 10 years, and the next billion is expected to arrive by 2023, of which 90% will be in Asia Pacific.
* Source: Brookings Institute, HSBC estimate as of 2018. First row numbers = estimated increment by 2023. Second row numbers = estimated middle class population in 2023. Provided for information only to illustrate structural trend. Estimates and forecasts are indicative, may or may not come to pass.
Asia is the heart of global consumption and will continue to be the driver going forward. Additionally, the reopening of economies across Asia, alongside a sustained medical solution to the pandemic, could also spur greater consumer demand and recovery in select sectors such as travel and tourism.
A broad opportunity set has also emerged in the healthcare sector in Asia amid demographic changes as rising demand is spurring healthcare innovation, such as the developments in medicine, digital consultation tools, and outsourcing of research and development.
Source: PWC, Frost & Sullivan. CIC. J.P. Morgan Asset Management. Data as of end-May 2019. CAGR = compounded annualised growth rate. Estimates and forecasts are indicative, may or may not come to pass.
Alongside growing income and consumption, baby boomers in Asia who have accumulated wealth are turning their focus on retirement planning and medical insurance.
Overall, Asia’s financial services industry still sees significant room for growth. In the insurance sector, for example, penetration remains low in Asia’s developing markets despite the socio-demographic shifts.
Source: Swiss Re Mortality Protection Gap: Asia Pacific 2015.
Tapping into growth opportunities in Asia
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JPMorgan Asia Growth Fund is the marketing name for JPMorgan Funds – Asia Growth Fund.
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