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Navigating Japan Equities: Monthly Insights From Tokyo (May 2024)
SHARE THIS This month we analyse why the influence of capex and wages on spending behaviour are key to gauging whether an inflationary mindset is taking hold among households; amid an adjustment by Japanese stocks from record highs, we also look for...
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-may-2024 -
Seeing further across global travel
SHARE THIS International tourism is predicted to bounce back to pre-pandemic levels by 2024, driven by the return of Chinese tourists, a new travel cohort stemming from developing nations and artificial intelligence. Taking our Future Quality lens to...
https://emea.nikkoam.com/articles/2024/seeing-further-across-global-travel-2024 -
New Zealand Fixed Income Monthly (April 2024)
SHARE THIS Despite the decline in one- and two-year inflation expectations, we feel that the longer term picture is likely to be dominated by broader secular forces, or prolonged trends not necessarily tied to cyclical factors, that structurally drive...
https://emea.nikkoam.com/articles/2024/nz-fixed-income-monthly-april-2024 -
Harnessing Change - Monthly Insights: Asian Equity-April 2024
SHARE THIS What a difference a month can make. Discussions have pivoted from interest rate cuts in the US to the possibility of an increase, while Chinese equities have rallied sharply on a combination of attractive value and hopes of effective policy...
https://emea.nikkoam.com/articles/2024/asian-equity-april-2024 -
On the ground in Asia Monthly Insights: Asian Fixed Income (April 2024)
SHARE THIS In terms of duration exposure, we maintain a positive outlook for medium-term duration, finding the current yield levels attractive. We expect Asia credit to remain well-supported due to subdued net new supply as issuers continue to access...
https://emea.nikkoam.com/articles/2024/asian-fixed-income-april-2024 -
Seeing further: the increasing role of electrification in the energy transition
SHARE THIS Energy consumption forms the backbone of modern lifestyles, and global economic growth is fundamentally dependant on energy supply growth. But as we consider the transition from fossil fuels to clean energy alternatives, the scale of the...
https://emea.nikkoam.com/articles/2024/the-increasing-role-of-electrification-2024 -
The yen: how weak is too weak?
SHARE THIS The ongoing weakness in the yen has led to intense debate over whether Japan can cope with further challenges to its global purchasing power. Although it is a matter of concern, a weak currency isn't necessarily undermining Japan's economic...
https://emea.nikkoam.com/articles/2024/the-yen-how-weak-is-too-weak-2024 -
Balancing Act-Monthly insights: Multi-Asset Team-May 2024
SHARE THIS As the market comes to grips with the US rate structure potentially remaining high, we expect to see increased market volatility and a potential return of the positive correlation between bond and equities that was evident in the market...
https://emea.nikkoam.com/articles/2024/multi-asset-may-2024 -
Seeing further: navigating AI change through a Future Quality lens
SHARE THIS With AI transforming the technology landscape, how do investors wade through the noise to identify genuine investment opportunities? We use our Future Quality framework to find the high-quality companies that are already moving the AI dial.
https://emea.nikkoam.com/articles/2024/navigating-ai-change-2024 -
Healthcare: the sector where innovation is flourishing under the radar
SHARE THIS The healthcare sector is benefiting from rapid innovation, fuelled by a significant jump in COVID-led funding. The breakthroughs achieved during the pandemic are only just being realised, and further innovation will be fuelled by artificial...
https://emea.nikkoam.com/articles/2024/healthcare-the-sector-where-innovation-is-flourishing-2024 -
Navigating Japan Equities: Monthly Insights From Tokyo (June 2024)
SHARE THIS This month we look beyond Japan’s impressive dividends and share buybacks from the perspective of corporate governance reform; we also explain how the “quantity effect” associated with exports may reduce the relevance of currency levels.
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-june-2024 -
India’s election and implications for equities
SHARE THIS In the 2024 Indian parliamentary elections, Prime Minister Narendra Modi's BJP won fewer seats than expected. However, with support from pre-alliance partners, Prime Minister Modi will lead a coalition government for a third term, indicating...
https://emea.nikkoam.com/articles/2024/indias-election-2024 -
New Zealand Equity Monthly (May 2024)
SHARE THIS New Zealand’s equity market is currently facing challenging times. However, a sense that the country’s interest rates may have peaked are some of the indications that the market’s outlook may brighten.
https://emea.nikkoam.com/articles/2024/nz-equity-monthly-may-2024 -
New Zealand Fixed Income Monthly (May 2024)
SHARE THIS New Zealand's fixed income market has struggled so far in 2024 and inflation has remained high. However, there is growing confidence that the Reserve Bank of New Zealand will lower the Official Cash Rate in the next six to 18 months due to a...
https://emea.nikkoam.com/articles/2024/nz-fixed-income-monthly-may-2024 -
BOJ takes a slow, steady approach to reducing bond purchases
SHARE THIS The Bank of Japan maintained interest rates at its June meeting, disappointing market participants who expected a reduction in monthly bond purchases. The BOJ signalled a future reduction in bond purchases but only at the next policy meeting...
https://emea.nikkoam.com/articles/2024/boj-takes-a-slow-steady-approach-2024 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-May 2024
SHARE THIS We have shifted to a mildly positive stance on overall duration, preferring high-yield markets such as India, Indonesia and the Philippines. We expect Asia credit to remain well-supported due to subdued net new supply as issuers continue to...
https://emea.nikkoam.com/articles/2024/asian-fixed-income-may-2024 -
Harnessing Change - Monthly Insights: Asian Equity-May 2024
SHARE THIS The early economic cycle dynamics and cheap valuations in Asia contrast starkly with the expensive late cycle dynamics in the West, and we expect this to provide good diversification options for global investors.
https://emea.nikkoam.com/articles/2024/asian-equity-may-2024 -
Japan’s equity markets: an active investment paradise
SHARE THIS Japan Equity Investment Director Junichi Takayama explains how active management can help identify opportunities, particularly within the small and mid-cap markets.
https://emea.nikkoam.com/articles/2024/japans-equity-markets-an-active-investment-paradise -
Balancing Act-Monthly insights: Multi-Asset Team-June 2024
SHARE THIS Markets have continued their strong growth through 2024, as odds continue to grow that central banks are able to walk the tight rope and avoid any real slowdown of global growth. US inflation has remained above expectations. However, some...
https://emea.nikkoam.com/articles/2024/multi-asset-june-2024 -
Time to revisit Chinese bonds from a global portfolio perspective
SHARE THIS Recently, China has been frequently appearing in global headlines, although many of these stories are not particularly encouraging. Amidst a fixation with the slowdown in the world’s second-largest economy, global markets may be missing the...
https://emea.nikkoam.com/articles/2024/time-to-revisit-chinese-bonds-2024
