China’s recent move to weaken the currency was not to boost exports but to address the governments worries over deflation, according to Momentum Global Investment Management.
Tag: China
OMGI gives more latitude to Asia allocations
When the numbers are crunched, it’s clear that Asia has been providing alpha, said Justin Wells, investment director at Old Mutual Global Investors.
Yuan SDR inclusion delayed to 2016
The IMF confirmed that it would delay a review of the yuan’s inclusion in its special drawing rights currency basket to September 2016, despite China’s latest move to relax control of the yuan exchange rate.
Survey: Income investing top priority in Asia
Asian investors seek income products but are too focused on “familiar income-producing asset classes”, according to a Legg Mason survey report.
China’s soft landing fund
Even the top five performing China funds dropped during the market correction, but one product from Allianz clearly had less downside.
Report: Emerging markets elevated to high risk
Growing concerns in China and other emerging markets could lead to “a prolonged deceleration” and have a “severe knock-on effect across the EU and the US”, according to the most recent report on risk by the Economist Intelligence Unit.
China this week – Fund News
A roundup of the week’s asset management industry news from mainland publications.
Yuan cuts have an upside for global markets – Greetham
Yuan devaluation will rescue the global market from overheating and restore the deflationary recovery, according to Royal London Asset Management’s Trevor Greetham.
China creating big trouble for emerging markets
The issue of the value of China’s currency versus other major currencies, particularly the US dollar, has been rumbling on for many years now.
BMO PB overweights European equities
Europe and Japan equities are favoured, but a key investment risk is China’s GDP surprising to the downside, said Edmund Yun, executive director and head of investment for Asia, who shared his second half views with Fund Selector Asia.
