Equity

 

November 2016

Asian Equity Monthly Outlook

Asia ex-Japan equities returned -1.5% in US Dollar (USD) terms, outperforming the MSCI World which declined by 1.9%. Crude oil prices finished the month down as OPEC members failed to reach a conclusive deal on supply, while political developments in US and ASEAN were key drivers of markets during the month.


October 2016

ASEAN Equity Outlook

"Find growth and you will find performance" was our Asian Equity investment mantra in early 2016 as the world grappled with slowing growth and lethargy with monetary experimentaton in low and depressed interest rates.

Asian Equity Monthly Outlook

Asia ex-Japan equities rose in September, returning 1.6% in US Dollar (USD) terms and outperforming both the MSCI World and MSCI Emerging Markets indices. Risk appetite remained healthy following the US Federal Reserve’s decision to leave interest rates unchanged and a more favourable US presidential debate outcome.


September 2016

Asian Equity Monthly Outlook

Asian markets extended their rally into August. Asian stocks were supported by a robust reporting season where earnings were mostly in line with consensus expectations.


August 2016

Asian Equity Monthly Outlook

We continue to see good value in Asia ex-Japan equities for long-term investors. Asia still has considerable room at both the monetary and fiscal levels to stimulate economies if needed and governments appear willing to act on reforms and infrastructure investment.


July 2016

Asian Equity Monthly Outlook

We continue to see good value in Asia Pacific ex-Japan equities for long-term investors. We continue to advocate that Asia is ultimately a net beneficiary of lower-for-longer commodity prices and offers significant growth opportunities led by infrastructure development, albeit contingent on positive government action.

The Nikko AM URAP Index: Identifying Stocks Which Show Consistent Improvement in ROE

This report looks at the Japanese Stewardship Code and its impact on Japanese companies' approach to ROE. It also introduces the Nikko AM URAP Index. URAP stands for “Upside in ROE at an Attractive Price”.


June 2016

Brexit - Japan Equity Update

In light of the significant volatility ensuing from the results of the EU Referendum in the UK, we share our initial thoughts on the evolving situation as well as provide an update on the strategy you are invested or have an interest in and the implications of the event on the broader investment landscape in Japan.

Asian Equity Monthly Outlook

Asia ex Japan equities declined by 1.3% in USD terms in May, largely on the back of currency weakness.


May 2016

Asian Equity Monthly Outlook

Asia ex Japan edged lower in April, most currencies depreciated against the USD.