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Harnessing Change-Monthly Insights: Asian Equity (September 2024)
SHARE THIS The market expects more rate cuts from the Fed, giving Asian central banks room to lower rates, which is very supportive for domestic growth. Meanwhile, with more China stimulus measures anticipated, we see asset allocation into Chinese...
https://emea.nikkoam.com/articles/2024/asian-equity-september-2024 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income (September 2024)
SHARE THIS The start of the Fed’s rate cut cycle has created room for monetary easing across Asia. We expect Asian government bond yields, particularly high yielders like those of India, Indonesia and the Philippines, to trend lower.
https://emea.nikkoam.com/articles/2024/asian-fixed-income-september-2024 -
Navigating Japan Equities: Monthly Insights From Tokyo (October 2024)
SHARE THIS This month we assess views in the market that the BOJ may have taken a dovish turn at its September policy meeting; we also point to further signs of a steady rise in wages and how that paves the way for a recovery in consumption and,...
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-october-2024 -
Balancing Act-Monthly Insights: Global Multi-Asset (September 2024)
SHARE THIS For August we maintained our overweight growth position and a neutral position on defensives. Several factors continue to support our optimism towards growth assets, including the first rate cut from the Fed, earnings surprises remaining...
https://emea.nikkoam.com/articles/2024/multi-asset-september-2024 -
Harnessing Change-Monthly Insights: Asian Equity (August 2024)
SHARE THIS We believe that the biggest fundamental change for Asian markets in the medium term is a shift in the interest rates regime, notably that of the US.
https://emea.nikkoam.com/articles/2024/asian-equity-august-2024 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income (August 2024)
SHARE THIS In a positive bond market environment driven by global monetary easing expectations, we favour government bonds from India, Indonesia and the Philippines, where higher yields remain attractive to investors.
https://emea.nikkoam.com/articles/2024/asian-fixed-income-august-2024 -
Navigating Japan Equities: Monthly Insights From Tokyo (September 2024)
SHARE THIS This month we assess why the market is unfazed by Japan’s upcoming leadership change; we also explain how a bid for a prominent Japanese convenience store operator has highlighted how affordable domestic firms now look in the eyes of their...
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-september-2024 -
Balancing Act-Monthly Insights: Global Multi-Asset (August 2024)
SHARE THIS For August we reduced our overweight on growth assets amid volatility in the markets and maintained a neutral position on defensives. We expect volatility to be quelled, given that the markets have factored in the Fed cutting interest rates...
https://emea.nikkoam.com/articles/2024/multi-asset-august-2024 -
Harnessing Change-Monthly Insights: Asian Equity (July 2024)
SHARE THIS India remains the long-term growth story in Asia and continues to attract fresh investment flows. China, on the other hand, has become the value play waiting for positive catalysts to turnaround sentiment.
https://emea.nikkoam.com/articles/2024/asian-equity-july-2024 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income (July 2024)
SHARE THIS We expect the broader trend of easing global yields, prompted by expectations for the Fed to begin lowering interest rates, to support a downward bias in Asian bond yields. We continue to favour Indian and Philippine government bonds over...
https://emea.nikkoam.com/articles/2024/asian-fixed-income-july-2024 -
Navigating Japan Equities: Monthly Insights From Tokyo (August 2024)
SHARE THIS The Nikkei experienced its worst single-day fall early in August after reaching a record high just the previous month. Despite the recent slide, domestic factors supporting Japanese equities remain relatively unchanged, in our view. We...
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-august-2024 -
Balancing Act-Monthly Insights: Global Multi-Asset (July 2024)
SHARE THIS We retained both our overweight to growth assets and our neutral position on defensives. The outlook for growth remains positive as global central banks have started monetary easing, with Europe and Canada leading the way by cutting their...
https://emea.nikkoam.com/articles/2024/multi-asset-july-2024 -
Harnessing Change-Monthly Insights: Asian Equity-June 2024
SHARE THIS In China, we await confirmation of real, positive fundamental change before increasing our confidence towards the country, and we maintain a highly selective approach. Elsewhere, a combination of AI-induced excitement and positive structural...
https://emea.nikkoam.com/articles/2024/asian-equity-june-2024 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income-June 2024
SHARE THIS We favour South Korean, Indian and Philippine government bonds and have adopted a neutral stance on Indonesian bonds. Meanwhile, the fundamentals backdrop for Asian credit remains supportive.
https://emea.nikkoam.com/articles/2024/asian-fixed-income-june-2024 -
Navigating Japan Equities: Monthly Insights From Tokyo (July 2024)
SHARE THIS This month we focus on the surge in long-term JGB yields and whether it poses a threat to equities; we also discuss the potential upside for Japan’s small- and mid-cap stocks.
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-july-2024 -
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 -
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 -
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 -
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 -
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
