The FSA Spy market buzz – 31 March 2023
Retirement at Aviva Investors, inflation beneficiaries (maybe), Allianz Global Investors is going all in in China, BNP Paribas’ thematic outlook, UBS and Credit Suisse, Nasdaq performance and much more.
The outlook for emerging markets appears to be positive in 2017, according to several asset managers.
Although emerging markets will likely be impacted by a strong dollar and rising interest rates in the US, emerging market equities will benefit from the expected economic growth and fiscal stimulus in the US, according to Jam Amrit Poser, Bank J Safra Sarasin’s Zurich-based chief strategist and head of sustainability.
Emerging market equities, particularly Asian equities, are also at attractive valuations, according to Bill Maldonado, HSBC Global Asset Management’s Asia-Pacific chief investment officer.
Other fund management firms, such as Eastspring and Schroders, are positive on emerging markets as they see upward revisions on earnings that point to earnings growth this year.
Within emerging markets, two Russian funds and a Brazil fund were among the top five best-performing funds in Hong Kong in 2016, driven by expectations that they are both clearly emerging from economic recession.
Against this backdrop, Simon Dorricott (pictured above), a London-based associate director for equities strategies and manager of research at Morningstar, provides a comparative analysis of the JP Morgan Emerging Markets Equity Fund and the Stewart Investors Global Emerging Markets Leaders Fund.
Part of Mark Allen.