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Asian Equities–The North-South Divide?

As investors shift their interest from the ASEAN markets to North Asia, our Asian equity panellists at the second Morningstar Institutional Conference in Hong Kong outlined their outlook for Asian equities, where they have been finding investment opportunities, and commented on some of the structural developments in the region.

Germaine Share 30 June, 2015 | 11:43
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As investors shift their interest from the ASEAN markets to North Asia, our Asian equity panellists at the second Morningstar Institutional Conference in Hong Kong outlined their outlook for Asian equities, where they have been finding investment opportunities, and commented on some of the structural developments in the region.

Martin Lau, Director of Greater China Equities at First State Stewart, Flavia Cheong, Investment Director at Aberdeen Asset Management, and Dhananjay Phadnis, Portfolio Manager at Fidelity, shared their thoughts on the Asian equities market. Lau manages four funds with Morningstar Analyst Ratings of Gold, including the First State Asian Equity Plus Fund. Cheong is an important member of the team that manages the Silver-rated Aberdeen Global Asia Pacific Equity Fund, while Phadnis manages the Bronze-rated Fidelity South East Asia Fund.

Asian Equities Outlook
The panel kicked off with a live poll that revealed that the audience was cautious on the outlook of Asian equities on the back of a strengthening US dollar and potential rate hike from the Federal Reserve. Phadnis pointed out that a strong US dollar has historically been associated with weak commodity prices, which generally have had a negative impact on emerging markets. However, on a more positive note, he stated that Asian countries such as India and China have carried out a series of reforms since the Fed started tapering and that this put Asia on much better footing compared with other emerging markets such as Russia and Brazil.

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About Author

Germaine Share  Germaine Share is a Senior Manager Research Analyst with Morningstar Investment Management Asia.

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