Asia Quarterly Bulletin – Spring 2021

people on shopping street

In this issue we explore the Regional Comprehensive Economic Partnership, what Biden might mean for Asia and much more.

Maintaining a global focus: a Q&A with David Dudding

With economies looking towards a post-Covid world and concerns around inflation growing, we talk to the manager of the Global Focus strategy about what 2021 might have in store.

Sustainable aviation fuel is ready for take-off

The aviation sector consumes around 8% of all oil. How realistic are attempts to reduce emissions through the use of sustainable aviation fuel?

Covid-19 index: when might life return to ‘normal’?

people on shopping street

With every country attempting to return to normality following the coronavirus pandemic, we are monitoring US economic activity as well as other measures of ‘normality’ such as entertainment and leisure, high street shopping, and schools reopening.

Style rotation towards value is a temporary phenomenon

Global

William Davies, Chief Investment Officer for EMEA and Global Head of Equities, discusses the recent style moves within markets

CIO EMEA outlook 2021 – knowns and unknowns after a tumultuous year

We see three themes dominating 2021: the development
of a Covid-19 vaccine; the political make-up of the US
following the November election; and Brexit.

What the US election means for markets… and what it doesn’t!

The election cycle will increase short-term volatility, but we don’t believe it will have much influence on market averages over the long term.

Summer slumber soothes markets

Global map

Our fixed income team provide their weekly snapshot of market events.

Investment style rotations – growth versus value

Valuation BBBs and policy change

Style rotations, where investors switch one type of investment style for another, are nothing new. At some point during most investment cycles different styles – such as growth, quality and value – will outperform at different points as investors rotate in and out depending on their outlook.

Are markets ahead of the economy and should they be?

Stock market numbers

Global investors underappreciate the changing behaviour of Japanese companies, which has made them more resilient and well positioned to benefit from global reflation.