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Navigating Japan Equities: Monthly Insights From Tokyo (January 2025)
SHARE THIS This month we discuss how a rise in delistings reflects efforts to create a more attractive equity market; we also assess ways in which a merger by large automakers in Japan could stimulate reforms beyond the industry.
https://emea.nikkoam.com/articles/2025/japan-equity-monthly-january-2025 -
Balancing Act Monthly Insights: Global Multi-Asset (December 2024)
SHARE THIS We retain our positive view on growth on resilient economic data and dovish monetary policies globally as inflation starts to ease worldwide. As for defensives, sovereign bond curves are steepening amid the beginning of the global...
https://emea.nikkoam.com/articles/2024/multi-asset-monthly-december-2024 -
Harnessing Change-Monthly Insights: Asian Equity (November 2024)
SHARE THIS China has been feeling the pressure with Donald Trump due to return for his second term as US president. However, during Trump's first term China actually outperformed the S&P 500 index, which demonstrates the importance of domestic policies...
https://emea.nikkoam.com/articles/2024/asian-equity-november-2024 -
Navigating Japan Equities: Monthly Insights From Tokyo (December 2024)
SHARE THIS This month we evaluate factors expected to attract attention in 2025 from a Japanese economy and equity market perspective. And as the government compiles another stimulus package, we discuss how Japan could be about to test the Laffer curve...
https://emea.nikkoam.com/articles/2024/japan-equity-monthly-december-2024 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income (November 2024)
SHARE THIS Asian local government bonds are positioned to perform well in 2025, supported by accommodative central banks amid an environment of benign inflation and moderating growth. We expect Asian corporate and bank credit fundamentals to stay...
https://emea.nikkoam.com/articles/2024/asian-fixed-income-november-2024 -
Balancing Act Monthly Insights: Global Multi-Asset (November 2024)
SHARE THIS We increased the overweight to growth assets given that economic data remains resilient against falling inflation and as global central banks lower interest rates. Regarding defensive assets, we have been relatively negative on sovereign...
https://emea.nikkoam.com/articles/2024/multi-asset-monthly-november-2024 -
Harnessing Change - Monthly Insights: Asian Equity (October 2024)
SHARE THIS During the first Trump presidency, China outperformed the S&P 500 and all the perceived beneficiaries of "China Plus One". While history may not be repeated, it is clear that China's domestic policy and market environment will become...
https://emea.nikkoam.com/articles/2024/asian-equity-october-2024 -
On the Ground in Asia-Monthly Insights: Asian Fixed Income (October 2024)
SHARE THIS We have adopted a more cautious stance on Thai bonds with the Bank of Thailand not expected to ease policy further following its interest rate cut in October. Elsewhere in the region, the reappointment of Sri Mulyani Indrawati as Indonesia's...
https://emea.nikkoam.com/articles/2024/asian-fixed-income-october-2024 -
Balancing Act Monthly Insights: Global Multi-Asset (October 2024)
SHARE THIS The start of the Fed’s rate cut cycle was a boost to risk sentiment, with resilient US data and declining inflation placing the market in a goldilocks situation. Likewise, the start of a global rate cutting cycle sets up a positive...
https://emea.nikkoam.com/articles/2024/multi-asset-october-2024 -
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
