CPD: The Asian century

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In December 2006, at the London School of Economics Asia Forum, former Indian PM Manmohan Singh said[1]: “The most important development, I believe, of the 21st century will be the rise of Asia. China has already trebled its share of world GDP over the past two decades and India has doubled it. Both these giant […]

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CPD: India Undergoing Modi-fications: Putting “Demonetisation” in Perspective

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The economics team at Payden & Rygel, manager of GSFM’s Payden Global Income Opportunities Fund, examines the changes underway in India and explores the consequences of the ‘Modi-nisation’ of the world’s largest democracy. It is just like any other Tuesday evening in New Delhi, the capital of India. Thick with smog from firecrackers during the […]

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CPD: All aboard the new Silk Road

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If the President of the world’s most populous nation, with the second largest and one of the fastest growing economies, invites you to a huge economic growth party to reshape Asia that he will host and fund, and which he personally described as ‘the project of the century’ that will ‘add splendour to human civilisation’: […]

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Japan in motion: What does the future hold?

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We often read that Abenomics continues to divide people as to whether it is working, and if this policy platform advocated strongly by Prime Minister Abe since his election in 2012 will ever achieve its objective of moving Japan’s economy forward. We believe that Abenomics is working, however we feel that its success cannot be […]

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Japanese investors key to global real assets funding

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Investors from Japan are primed to play a key funding role for global infrastructure and real estate, according to analysis from AMP Capital. With assets under management approaching ¥500 trillion (approximately US$4.4 trillion), the Japanese institutional investment environment is undergoing a transformation and represents a substantial source of capital for investment into real assets across […]

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CommSec Research. China: Trade surplus but exports slide

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China trade China trade data: The trade surplus narrowed from US$44.61 billion to US$40.82 billion in December (forecast US$46.5 billion). Exports were down 6.1 per cent over the year (forecast: -3.5 per cent) while imports were up by 3.1 per cent (forecast: 2.7 per cent). China 2016 calendar year trade surplus totalled $509.96 billion. The […]

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CPD: Inside the tiger’s den

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In our last Global Matters paper, Young tiger stalks ageing dragon, we compared the current position and prospects of the world’s two most populous nations: China and India. We concluded that, over coming decades, the Indian tiger could loom as a very real growth rival for its north eastern neighbour. In this paper Greg Goodsell, […]

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CPD: Is Japan investable through a cash flow prism?

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There are so many ways companies, sectors and economies can be viewed: many investors study traditional accounting metrics such as price/earnings (P/E) and price/book value (P/BV) ratios of companies and sector. Economic data is put under the microscope. On the other hand, Epoch Investment Partners (Epoch), manager of the Grant Samuel Epoch Global Equity Shareholder […]

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CPD: Interpreting signals in unprecedented times – Japan equity market outlook

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No turning back — 2% inflation target not only intact but enhanced with a new “inflation overshooting commitment” While the TOPIX declined following the Brexit vote, largely as a result of the strengthening of the Yen, the market has since recovered. We now believe the negative impact of the stronger Yen will be gradually diminished […]

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Nikko Asset Management bullish on Japan and developed Asia-Pacific equities

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The Fed expected to hike in December or March. The BOJ and ECB will remain on hold for the next 12 months. Bond yields to remain relatively stable for the next two quarters. Nikko Asset Management’s Global Investment Committee (GIC) is positive on Japanese and developed Asia-Pacific equities over the next six months due to […]

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