Viewpoints

Favorable demographics, combined with a number of unique investment themes, are creating a positive backdrop for ASEAN’s equity markets.

With rates and volatility likely to remain front-and-center in the months ahead, there is a case to be made for both high yield bonds and loans.

Against a shifting macro, political and geopolitical backdrop, our fixed income portfolio managers explore the future prospects for high yield, emerging markets debt, and investment grade credit.

With major central banks having started their rate-cutting cycles, and domestic tailwinds supporting individual regions, there is a compelling case for Asian equities.

Targeted policy support in China and the start of the Fed’s rate-cutting cycle are supportive for the outlook on Hong Kong-China equities—but domestic and global uncertainties remain.

With the favorable fundamental and technical backdrop firmly in place, and attractive income opportunities remaining in both bonds and loans, the case for high yield continues to be compelling.

The maturity wall facing high yield bond issuers has garnered much attention. But given the market’s short duration profile, lower prices and higher-quality relative to history, the reality facing issuers is less daunting.

From potential economic growth to dovish monetary policy, a number of factors are shaping a positive outlook for Asian equities in the coming months.

Company fundamentals that are likely to improve and the potential for positive policy surprises underly our constructive view of Hong Kong-China equities in the coming months.