5 December 2024
Asian bonds set to gain as central banks ease further.
Asian Fixed Income Team
Domestic demand in Asia resilient on the back of gradual monetary easing[1]
Asia ex-China demonstrated resilience in 2024, with growth buoyed by strong local demand and healthy exports. Easing inflation—driven by relatively tight monetary policies[2] and moderating food and commodity prices—allowed most Asian central banks to reduce policy rates in the latter half of the ...

5 December 2024
The coming year promises a different environment.
Multi-Asset Team
Outlook for 2025
With 2024 mostly behind us, we are again reminded of how difficult it is to forecast asset market performance over the medium term. Coming into 2024, many pundits believed that a bond markets-supportive US recession was still on its way. However, the widely predicted recession never showed up. Instead, the MSCI World Global Equity index has risen over 20% year to da...

5 December 2024
Identifying outperformers within the “New Singapore” narrative
Asian Equity Team
Reflecting on 2024  
As we approach 2025, it is an appropriate time to review the performance of Singapore’s equity market in 2024. The market performed strongly in 2024, with the Straits Times Index (STI) delivering double-digit gains of 21.7% as of end-November 2024 in Singapore dollar (SGD) total return terms [1] . The rally was mostly concentrated in the second half o...

5 December 2024
Maintaining a long-term view and an optimistic outlook in the face of adversity.
Global Equity Team
Introduction
Whether it is the level of inflation, the direction of economic growth, credit quality in the consumer and corporate sector, the housing market, supply of US Treasuries, a slew of elections, geopolitics or even an outright stock market bubble, the list of investor worries and concerns during 2024 was as long as one can remember. Will the pict...

17 January 2025
Continuing change in corporate Japan to benefit equities and attract investments
Japan Equity Team
Major Japanese political events are now behind us
Turning first to politics, it has been a turbulent closing few months of 2024 for Japan’s Prime Minister Shigeru Ishiba. After taking office in October, Ishiba called for a snap parliamentary election, which his ruling Liberal Democratic Party (LDP) lost. In mid-November, Ishiba won a run-off vote to stay in ...

16 December 2024
Trump 2.0 will not be the only catalyst for fundamental change
Many may expect the incoming Trump administration's transactional approach to be detrimental to the geopolitical and macroeconomic landscapes. However, we believe that Washington's mercantilist stance should not prevent Asian markets from offering attractive absolute returns, as was the case during the 2017-2021 period under Trump's first term.
Asian Equity Team
What’s changing in Asia: a bro...

16 October 2024
Recent stimuli a welcome reprieve but more fiscal firepower may be needed
Asian Equity Team
The devil is in the details
Mainland China's economy has been in bad shape. Elevated youth unemployment is contributing to flagging domestic consumption, while households see the bulk of their savings, predominantly invested in real estate, dwindle as property prices spiral downwards[1]. Dismal corporate earnings in the post-COVID years—caused by a tepi...

Watch Kenneth Tang, Senior Portfolio Manager of Asian Equity, as he shares how he manages the Nikko AM Shenton Thrift Fund and reasons why investors should consider investing in the Fund.
Important information: This video is prepared by Nikko Asset Management Co., Ltd. and/or its affiliates (Nikko AM) and is for distribution only under such circumstances as may be permitted by applicable laws. This video does not const...

13 September 2024
Responding to changes is crucial to long-term success
Iain Fulton, Investment Director, Global Equity
In a transitioning and transforming world, change truly is the only constant. However, change can bring both opportunity and threat. How we respond to these changes as investors is clearly crucial to our long-term success.
Q1: Does the AI investment theme still offer significant long-term potential?
When we are co...