Insights

Investment Insights by our experts and thought leaders

The Japan Update – Japan Inbound Consumption Continues to Grow

Inbound consumption by overseas visitors to Japan continues to grow. For the nine-month period from January to September 2015, such consumption totalled a cumulative ¥2.6 trillion (approx. US$21.7 billion), which already represents a higher amount than that for all of 2014.

What's to come? - China's RMB as a global reserve currency

The IMF's decision to include the Renminbi into the SDR is a major push for the RMB to become one of the world's major reserve currencies.

Australia: Lower GDP growth and CPI should mean lower 10-year bond yields

Our lead Australian fixed income portfolio manager discusses her intermediate-term outlook for the bond market “down under.”

Economic Disappointment in Japan Should not Worry Equity Investors

Once again, as has long been our view, disappointing macro-data should not worry investors in Japanese risk assets very much at all.

Asian Fixed Income Monthly Outlook - November 2015

Prices of the US Treasuries (USTs) ended the month lower. Risk-on sentiment prevailed for the most part of October, favouring risk assets over perceived "safe-haven" instruments.

Asian Equity Monthly Outlook - November 2015

The MSCI AC Asia ex Japan Index rose 8.0% in USD terms, broadly in line with MSCI AC World Index. All Asia ex Japan currencies except the Philippine Peso strengthened against the US dollar in October.

Asia ex-Japan Equities - Historic Price to Book Valuation buying opportunity emerges

Developed and emerging markets in Asia ex-Japan have clearly been under tremendous pressure in recent months, including redemptions of more than USD 50bn from the region in September, the heaviest ever witnessed.

Did ECB QE Jump-start Eurozone Earnings Like the US Experience?

We update our views on whether ECB QE has had a positive effect on corporate earnings.

Why the BOJ does not need to ease much, if at all

There are many reasons for the BOJ to defy consensus expectations for more easing.

Asian Fixed Income Monthly Outlook - October 2015

US Treasuries (USTs) registered gains in September. Yields initially trade in a tight range, but subsequently jumped mid-month, in anticipation of the announcement from the US Federal Reserve (Fed).