The Russian market is up 37% year-to-date and the economy is moving from recession to growth. Tim Umberger, senior adviser to East Capital, is optimistic about 2017.
St James’s Place has doubled its adviser numbers in Asia and is planning to extend the base from expats to local HNWI, said Mike Gravestock, partnership director for Asia and international.
Sector investing may come back in 2017 and an EM `stability premium’ could develop as the grand economic ideas of the new US administration are put into practice. Roger Bacon, Citi Private Bank’s Asia-Pacific head of managed investment, explains to FSA the 2017 landscape from a fund selector’s perspective.
An underweight position in IT stocks, as well as Brexit market volatility, has detracted from the performance of Fidelity’s emerging market fund in recent months, according to manager Nick Price.
Wealth manager Reyl Singapore has started to re-evaluate allocations as the world comes to terms with the unexpected US presidential election victory of Donald Trump.
Large, tech-savvy populations and potentially the world’s fastest-growing internet market are reasons why wealth manager James Hambro & Partners has overweighted the sector this year, said James Horniman, head of adviser solutions and part of the investment team.
General risks for investors in emerging-market debt are ebbing, which is why global institutional investors are likely to continue to add exposure, said Michael Ganske, portfolio manager at Axa Investment Managers.
Though US presidential elections are approaching fast and Brexit uncertainty is still riding high, China is the biggest macroeconomic risk right now, according to fund selectors attending the recent Expert Investor forum in Barcelona, organised by FSA's sister publication Expert Investor.
Many investors in Asia are not positioning portfolios for the US election and instead will wait until concrete policies with a chance of getting approved are rolled out.