Summary
Asia ex Japan (AxJ) equities declined by 0.9% in USD terms in April, largely on the back of currency weakness. Oil markets reached their highest levels since last November, while activity data in China improved. The market continued to price the risk of US monetary policy tightening conservatively, on the back of dovish comments from the US Federal Reserve chair Janet Yellen
This material has been prepared solely for the purposes of Nikko AM to communicate about the market environment, etc. It is not solicitation for a specific fund. Moreover, the information in this material will not effect Nikko AM's fund investment in any way.
Mentions of individual stocks in these materials neither promise that the stocks will be incorporated nor constitute a recommendation to buy or sell. The information in these documents have been prepared from what is considered to be reliable information but the accuracy and integrity of the information is not guaranteed by the Company. Figures, charts, and other data in these materials are current as of the date of publication unless stated otherwise. In addition, opinions expressed in these materials are as of the date of publication unless stated otherwise.
* The graphs, figures, etc., contained in these materials contain either past or back-dated data, and make no promise of future investment returns, etc. These documents make no guarantee whatsoever of future changes to the market environment, etc.
Opinions expressed in these documents may contain opinions that are not Nikko AM's but the personal opinion of the author, and may be changed without notice.