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How do you think the Asian equity market will perform in 2019? - Simon Godfrey

Simon Godfrey of EFG Bank

Mar 19, 2019

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1. How do you think the Asian equity market will perform in 2019?

Video transcript

1. How do you think the Asian equity market will perform in 2019?

We like Asian equity markets. The US has been a strong outperformer for the last few years. Emerging markets, of which Asian equity markets generally form a subset, we do feel have been undervalued. They certainly took a beating last year. Some of that's been led by China, a lot of the doubts about China are subsiding. We're starting to see better news coming out of China, but there's always a little bit of uncertainty generated by the trade war there, and just the huge amount of economic development. At the same time, it's election time in a number of countries, notably Indonesia and India, and we believe those tend to create positive drivers for the economy. Where you tend to see that is in areas like consumption. And that's also going to be helped by what we think, real rates are going to be able to come down in those countries. Should be good for the yield curves, it should be good for financials as well.