During the first half of the year, continued media coverage about the sluggish U.S. recovery, debt problems in the Eurozone and concerns over China's slowing growth dominated macroeconomic news as investors anticipated a pullback in the markets. Despite this short-term noise, we remain confident in the long-term growth of Asia.
The following Portfolio Managers will share their thoughts on these and other developments in the region, as well as our strategies for investing in the region:
Robert Horrocks, PhD
Matthews’ CIO and Portfolio Manager, Matthews Asian Growth and Income Strategy
Jesper Madsen, CFA
Matthews Asia Dividend and China Dividend Strategies
Sharat Shroff, CFA
Matthews Pacific Tiger and India Strategies
Matthews Asia Growth and Japan Strategies
This webcast is offered to investment professionals only. It will reflect the opinions of Matthews International Capital Management, LLC. These opinions are not to be construed as investment advice. The subject matter contained herein has been derived from several sources believed to be reliable and accurate at the time of compilation. Matthews does not accept any liability for losses either direct or consequential caused by the use of this information.
After almost two years of tariffs and market turmoil, the U.S. and China concluded the first phase of a trade deal. Will this lift the uncertainty that slowed corporate capital expenditure in both countries and reassure global markets? Will both countries now reassess the future of their longer term bilateral relationship?
Please join Matthews Asia Investment Strategist Andy Rothman for an interactive discussion on:
•Key takeaways from the Phase One deal
•The near-term impact for global investors
•The 2020 outlook for China's economy
•Prospects for future trade talks and the U.S.–China relationship
Robert J. Horrocks, PhD, CIO, David Dali, Portfolio Strategist, and Andy Rothman, Investment Strategist
Global investors continue to feel the repercussions of U.S–China trade tensions, and now China's currency "devaluation" and protests in Hong Kong have further rattled markets. Amid the turmoil, we believe Asia's economic fundamentals make the region resilient and are optimistic about Asian equities over a full market cycle.
Please join an exclusive webcast with industry experts from Matthews Asia for an interactive discussion on:
- The state of China's central bank and monetary policy
- The implications of China's currency "devaluation"
- What the Hong Kong protests mean for Asia's economy
- What investors can do to help mitigate volatility
Andy Rothman, Investment Strategist, S. Joyce Li, CFA, Portfolio Manager
China accounts for one-third of global economic growth—a larger share than the U.S., Europe and Japan combined. Growth is slowing, however, and there are tensions with the Trump administration. How will the Chinese government respond to these challenges and what will be the impact on the world's best consumer story?
Please join Matthews Asia Investment Strategist Andy Rothman along with Portfolio Manager S. Joyce Li, CFA, for an interactive discussion on:
•The latest on U.S.-China trade relations
•Risks and opportunities in China's A-share market
•How a dividend approach can provide an opportunity to balance risks with returns
•The role of entrepreneurial firms in a country run by an authoritarian regime
•The economic outlook for China in the months ahead
David Dali, Portfolio Strategist, Sharat Shroff, CFA, Portfolio Manager, and Yu Zhang, CFA, Portfolio Manager
The first half of 2019 for Asia's equity markets has been a roller coaster ride, rebounding strongly in the first quarter while turning more volatile in recent months due to ongoing U.S.-China trade tensions. While the trade outcome remains uncertain, we expect Asia's growth prospects to be buoyed by rising incomes across the region, political stability and growing consumption, and we remain optimistic in our outlook for Asian equities over a full market cycle.
Please join Matthews Asia Portfolio Strategist David Dali along with Sharat Shroff, CFA, Lead Manager of the Matthews Pacific Tiger Fund, and Yu Zhang, CFA, Lead Manager of the Matthews Asia Dividend Fund, for an interactive discussion on:
•How the Pacific Tiger and Asia Dividend Funds have weathered market volatility
•Insights on current portfolio composition and how they are positioned for sustainable growth
•How a dividend strategy can provide exposure to China's growth markets
•Why an active approach is essential in having Asia represent a core part of a portfolio
Matthews Asia CIO and Portfolio Manager Robert Horrocks, PhD, examines how forces are shaping investor sentiment toward Asia including: U.S.-China relations, monetary policy, and valuations in Asia. He also discusses long-term investment opportunities and the benefits of a long-term approach.
2018 was a challenging year for the Asian stock market, driven by trade concerns and monetary policy issues in both the U.S. and China. While investor confidence may have fallen, we believe Asia's economic fundamentals remain resilient and the region should continue as a key driver of global growth over the coming decade.
Please join us for an exclusive webcast with Matthews Asia's Chief Investment Officer Robert Horrocks, PhD, and Portfolio Strategist David Dali for an interactive discussion on what to expect in 2019 and beyond.
President Trump and Chinese President Xi Jinping are scheduled to meet about trade tariffs at the upcoming G20 Summit. Investors are watching closely for a resolution of the trade dispute, which has both political and economic implications. Please join us for a webcast with Investment Strategist Andy Rothman as he interprets the outcome of the historic meeting.
Robert Horrocks, PhD, CIO, Teresa Kong, CFA, PM, Andrew Mattock, PM, & David Dali, Portfolio Strategist
The first half of 2018 was challenging for emerging markets, with rising interest rates, trade disputes, weaker earnings and Turkey and Argentina dominating headlines. While investor confidence may have fallen, we believe Asia's economic fundamentals make the region resilient and distinguish it from other emerging markets.
Please join an exclusive webcast with a panel of industry experts from Matthews Asia for an interactive discussion on:
•What is driving market volatility
•Whether markets have priced in enough uncertainty
•The state of Chinese corporate earnings
•Where we are finding value
•How we seek to mitigate volatility through security selection and portfolio construction
Michael Oh, Portfolio Manager and Andy Rothman, Investment Strategist
As tensions appear to be easing on the Korean peninsula, a further potential catalyst for change is the upcoming summit between U.S. President Donald Trump and North Korean leader Kim Jong-Un. History indicates that such negotiations often don't bring meaningful change to the region, but could this time be different? Any kind of demilitarization and economic reconciliation between North and South Korea could have important longer term implications for investors on the peninsula and across the region.
Immediately following the U.S.-Korea summit, please join us for an exclusive webcast with Portfolio Manager Michael Oh and Investment Strategist Andy Rothman who will discuss topics including:
- Key takeaways from the historic summit
- What less geopolitical risk might mean for South Korea's economy and for US-China relations
- Whether the valuation gap for South Korea's stock market relative to its regional peers could come to an end
- What the latest developments mean for how we invest in Asia in general and South Korea in particular
Andy Rothman, Investment Strategist, Tiffany Hsiao, Portfolio Manager, CFA, Sherwood Zhang, Portfolio Manager, CFA
For investors interested in capturing China’s long-term growth potential, lower volatility portfolios made up of high-quality stocks may have strong appeal. Chinese equities present an intriguing total return opportunity, anchored by attractive dividend yields and improving dividend growth prospects. Meanwhile, China’s smaller companies, which tend to be less volatile than their large-cap peers, are riding a wave of innovation and are positioned to come into their own as investment opportunities in 2018.
Please join China Strategist Andy Rothman along with Portfolio Managers Sherwood Zhang and Tiffany Hsiao as they discuss.
Robert Horrocks, PhD, Chief Investment Officer and Portfolio Manager
In 2018, will the U.S. market continue to power up on expanding margins? What would that mean for the rest of the world’s economies? Will it signal a shift among investors toward active strategies that are better able to invest down the market-cap scale? If so, then the new year may be one in which the style of portfolio flows into Asia's economies starts to change. It may also be that Asia is once again seen as a separate region from the emerging markets.
We invite you to join Matthews Asia’s Chief Investment Officer Robert Horrocks, PhD, in a discussion about the most likely global investment scenarios for 2018.
Andy Rothman, Investment Strategist and Andrew Mattock, Portfolio Manager, CFA
Please join Investment Strategist Andy Rothman, who will provide a macroeconomic overview of China and offer his outlook for the coming year. Portfolio Manager Andrew Mattock will give his perspective on what happened in China’s stock market over the past year and give insight on what investors can expect in 2018.
Robert Horrocks, PhD, Chief Investment Officer and Portfolio Manager
Asia’s markets have maintained their strong start throughout the year, yet investors still seem to be climbing a wall of worry about the sustainability of the region’s growth.
We invite you to join Matthews Asia’s Chief Investment Officer, Robert Horrocks, PhD, for a webcast to address if the acceleration in earnings can be sustained, and if Asia’s growth can turn into equity returns. Additionally, he will discuss which countries and sectors are likely to prove resilient amidst global political and economic uncertainty and how active managers can generate attractive returns in this environment.
Andy Rothman, Investment Strategist and Michael Oh, Portfolio Manager
We invite you to join Matthews Asia’s Michael Oh and Andy Rothman for a short webcast to discuss the potential risks and opportunities from rising tensions on the Korean peninsula.
Investment Strategist Andy Rothman will discuss the Chinese, North Korean and American leadership perspectives and the risks for military conflict. Andy has been writing about relations between the three nations for many years and visited Pyongyang a decade ago, just prior to North Korea’s first nuclear test. He will explain why tough rhetoric is likely to create investment opportunities rather than war.
Michael Oh, Lead Manager of the Matthews Korea Strategy, will explain how South Korean consumers and investors may respond to rising tensions, as well as discuss the impact on market liquidity and valuations. Michael also will look beyond Korea and cover any broader implications for the rest of Asia.
Matthews Asia Portfolio Managers Yu Zhang, CFA and Satya Patel, CFA
The relative under performance of emerging markets over recent years has certainly hurt performance of globally diversified portfolios, shaking investor confidence. That said, the longer-term growth trends in Asia are still strong, and our observations on the ground point to very positive nearer-term signals. We believe this change signals a need to reassess how markets are likely to perform and to look beyond the U.S. for new sources of growth. Asia’s equity and fixed income markets not only tap into new growth opportunities but there are also solutions that can enhance risk-adjusted returns—even as rates are rising.
Please join us for a live webcast with Yu Zhang, CFA, Lead Manager of the Matthews Asia Dividend and the Matthews China Dividend Strategies and Satya Patel, CFA, Lead Manager of the Matthews Asia Credit Opportunities and Co-Manager of the Matthews Asia Strategic Income Strategies.
Matthews Asia: Portfolio Manager RoundtablePortfolio Managers: Robert Horrocks, PhD; Jesper Madsen, CFA; Sharat Shroff, CFA and Taizo Ishida[[ webcastStartDate * 1000 | amDateFormat: 'MMM D YYYY h:mm a' ]]63 mins