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On the Ground in Asia-Monthly Insights: Asian Fixed Income-April 2023
SHARE THIS China’s re-opening and supportive policy tone may continue to provide a critical counterweight to global macro weakness. Macro and corporate credit fundamentals across Asia ex-China are also expected to stay robust.
https://emea.nikkoam.com/articles/2023/asian-fixed-income-monthly-april-23 -
Exploring fast-growing Asian REITs
SHARE THIS Asian REITs continue to be one of the fastest growing asset classes in the region, offering decent yields, a sustainable income stream and exposure to the region’s biggest landlords.
https://emea.nikkoam.com/articles/2023/exploring-fast-growing-asian-reits -
Future Quality Insights -May 2023-A bridge over troubled waters
SHARE THIS Life is different in the post-pandemic world. Equity markets and economies are different too; geopolitics have deteriorated and barriers to trade have increased while the threat of global warming looms ever larger. In this short essay, we...
https://emea.nikkoam.com/articles/2023/future-quality-insights-2305 -
Japan’s “Show Me the Money” corporate governance: 1Q, investors seem to finally accept the theme
SHARE THIS The long-held theme of this report (since 2006) that profit margins remain on a structural uptrend, despite sluggish domestic GDP growth, still holds and domestic and international investors finally realise that Japanese corporations are...
https://emea.nikkoam.com/articles/2023/japan-show-money-corporate-governance-1q-investors-seem-to-finally-accept-the-theme -
Global Unconstrained Bond Strategy Q2 2023 outlook
SHARE THIS We present our Q2 2023 outlook for the Global Unconstrained Bond Strategy which incorporates our core markets, emerging markets and global credit views.
https://emea.nikkoam.com/articles/2023/global-unconstrained-bond-strategy-q2-2023 -
Global Equity Quarterly (Q1 2023)
SHARE THIS At times of stress, we believe that it makes sense for investors to reach for something that has recently provided comfort. Our view is that that is exactly what we have seen in Q1, as banking stock volatility has led investors back into the...
https://emea.nikkoam.com/articles/2023/global-equity-quarterly-q1-2023 -
Towards a greener future: building credibility and demand for sustainability-linked bonds
SHARE THIS As the green bond market diversifies, Sustainability-Linked Bonds (SLBs) – which are linked to an issuer’s broader sustainability performance – have garnered significant investor attention and scrutiny. While the concept is compelling,...
https://emea.nikkoam.com/articles/2023/towards-a-greener-future -
Navigating Japan Equities: Monthly Insights from Tokyo (June 2023)
SHARE THIS This month we discuss the factors behind the Nikkei’s rise to a 33-year high; we also assess Japan’s opportunity to re-invent itself as a technology hub with leading global chipmakers bringing investments and manufacturing to its shores.
https://emea.nikkoam.com/articles/2023/japan-equity-monthly-june-2023 -
Harvesting Growth, Harnessing Change - Monthly Insights: Asian Equity-May 2023
SHARE THIS As the developed world continues to struggle with inflation and a lack of growth, Asia stands out as the bright spot, with inflation well in check and monetary cycles peaking ahead of the West. Growth in Asia is also expected to outperform...
https://emea.nikkoam.com/articles/2023/asian-equity-monhtly-may-2023 -
On-the-ground view of post-COVID China
SHARE THIS A recent trip to China offered first-hand observations of the country’s technological advancement, changing consumer patterns and new social norms as the world’s second largest economy moves on from the pandemic.
https://emea.nikkoam.com/articles/2023/2306_on_the_ground_view_of_post_covid_china -
New Zealand Equity Monthly – May 2023
SHARE THIS The Reserve Bank of New Zealand’s decision to have the Official Cash Rate (OCR) peak at 5.5% surprised the market, which had started to price in a peak of 5.75% or 6.0%. The lower-than-expected peak in the OCR is positive for equities as...
https://emea.nikkoam.com/articles/2023/nz-equity-monthly-may-23 -
New Zealand Fixed Income Monthly – May 2023
SHARE THIS In an encouraging sign for New Zealand, the Reserve Bank of New Zealand (RBNZ) signalled in May that the Official Cash Rate is likely to have peaked at its current level of 5.5%. The RBNZ appears to have shifted its focus from inflationary...
https://emea.nikkoam.com/articles/2023/nz-fixed-income-monthly-may-23 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-May 2023
SHARE THIS We remain constructive on relatively higher-yielding Philippine, Indian and Indonesian government bonds, on the back of the relatively supportive macro backdrop for these countries. As for currencies, we expect the Thai baht and Indonesian...
https://emea.nikkoam.com/articles/2023/asian-fixed-income-monthly-may-23 -
Why investors should consider increasing their exposure to Japan
SHARE THIS A stable political backdrop is just one of several key considerations supportive of investors increasing their exposure to Japanese equities, in our view. We believe that reforms to both its corporate governance structure and the...
https://emea.nikkoam.com/articles/2023/why-investors-should-consider-increasing-their-exposure-to-japan -
Balancing Act-Monthly insights: Multi-Asset Team-June 2023
SHARE THIS The divergence in growth outlook reflected in equities continues to widen, as secular growth in the form of tech and artificial intelligence (AI) developments appears to have the upper hand in determining the overall market direction. This...
https://emea.nikkoam.com/articles/2023/multi-asset-june-2023 -
Global Investment Committee’s outlook
SHARE THIS We expect occasionally quite volatile, but positive trends for the global economy, financial system and markets in each of the next four quarters. Regionally, we prefer the European market for the next two quarters, and also include Japan’s...
https://emea.nikkoam.com/articles/2023/global-investment-committee-outlook-2306 -
Capital efficiency initiative in Japan highlights market opportunity
SHARE THIS Japan’s corporate governance reform started nearly a decade ago is an ongoing process, but it received a boost from the Tokyo Stock Exchange’s latest initiative in January. The latest chapter in corporate governance reform coupled with...
https://emea.nikkoam.com/articles/2023/capital_efficiency_initiative_in_japan_highlights_market_opportunity -
Navigating Japan Equities: Monthly Insights from Tokyo (July 2023)
SHARE THIS As a virtuous inflation cycle helps boost stocks, this month we focus on how labour shortages could nudge Japan away from a deflationary mindset; we also assess the BOJ under a new governor, who has said that monetary policy surprises could...
https://emea.nikkoam.com/articles/2023/japan-equity-monthly-july-2023 -
Exploring Asia’s investment megatrends: consumption, healthcare and net zero
SHARE THIS Right now, three megatrends are widely prevalent across Asia which look like significant drivers of investment growth for many years to come. These megatrends are consumption, healthcare and the net zero transition.
https://emea.nikkoam.com/articles/exploring-asia’s-investment-megatrends-consumption,-healthcare-and-net-zero -
Harvesting Growth, Harnessing Change - Monthly Insights: Asian Equity-June 2023
SHARE THIS With inflationary issues subsiding across most of Asia, many regional central banks are now holding interest rates steady, if not cutting rates in the case of China. The US, meanwhile, is still warning of further rate hikes despite some...
https://emea.nikkoam.com/articles/2023/asian-equity-monthly-jun-2023
