Emerging Markets: The EMpire strikes back

In this podcast, Prashant Bhayani shares with Dannel Low from the Asia CIO team the latest update on China, addressing the following questions: ■ How real is the Chinese economic recovery?■ What are the stimulus measures announced during the recent politburo statement and the implications for the market?■ Have there been more property measures rolled out lately and how effective are they? When will the property sector bottom out?■ How will the recent developments in China impact the equities market? Can the current rally continue?Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing and Guy Ertz discuss the potential for equity markets to rise despite high valuations, considering economic trend and market factors.The US economy is intentionaly slowing to control inflation, while Europe’s economy is accelerating as intended by central bank policiesThe ECB will cut rates in June with the Fed following later this yearHigh Valuations are concentrated in U.S tech companies, but overall market valuations aren’t as extreme as during the 2000 tech bubbleKey factors supporting stock prices include strong liquiduty and earnings momentum , despite some segments being too expensiveHosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Guy Ertz, Chief Investment Advisor et Édouard Desbonnets, Senior Investment Strategist chez BNP Paribas Wealth Management, comparent les performances du Cash et des marchés actions : 1990-2020 : la plupart des actions individuelles n’ont pas battu le cash !Alors que les marchés boursiers ont largement surperformé les obligations et les liquiditésTrès peu d’actions très performantes créent cette surperformance boursière à long termeCes actions proviennent de nombreux secteurs, notamment la santé, la technologie et les semi-conducteurs et la consommation discrétionnaire.La plupart des investisseurs ont intérêt à bénéficier d’une exposition largement diversifiée aux fonds d’actions et aux ETF.Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Global Chief Investment Officer at BNP Paribas Wealth Management, compares stocks and cash performance : 1990-2020: most individual stocks did not beat cash!While stock markets outperformed bonds and cash by a long wayVery few super-performing stocks create this long-term stock market outperformanceThese stocks come from many sectors, including Healthcare, Tech and Semis, and Comsumer DiscretionaryMost investors are best off with widely diversified stock fund/ETF exposureHosted by Ausha. See ausha.co/privacy-policy for more information.

Dans ce podcast, Edmund Shing, Global CIO de BNP Paribas Wealth Management dévoile sa stratégie d'investissement pour le mois de mai 2024.  Toute l’attention se focalise sur l'évolution des taux d'intérêt des banques centrales en 2024. Mais ces taux d'intérêt sont-ils vraiment si importants pour l'économie mondiale ?Quelle a été l'évolution de ces taux à long terme depuis le début de l'année et quel en a été l'impact ?Cette hausse des rendements obligataires américains est-elle une réaction excessive au maintien de l'inflation ?  Quelles opportunités cela offre-t-il ?Le secteur manufacturier mondial semble en fort rebond, stimulé par les États-Unis et la Chine. Quels secteurs bénéficient de ce rebond cyclique ?Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast Edmund Shing, Global Chief Investment Officer of BNP Paribas Wealth Management, unveils his investment strategy for May 2024.There is a huge focus on how central bank interest rates will change over 2024, but are these interest rates really so important to the global economy?How have these long-term interest rates changed since the beginning of the year and what has their impact been?Is this rise in US bond yields an overreaction to sticky inflation? What opportunities do these present?Global manufacturing seems to be rebounding strongly, led by the US and China. What sectors benefit from this cyclical rebound?Hosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast Edmund Shing, Global Chief Investment Officer, talks about what is driving the stock markets higher, particularly Emerging Markets.How have Emerging Markets fared in recent years?Why are Emerging Markets now in favour?When you buy Emerging Markets, what are you actually buying?China remains the big question for EMHosted by Ausha. See ausha.co/privacy-policy for more information.

In this podcast, Edmund Shing, Global Chief Investment Officer at BNP Paribas Wealth Management unveils his opinion about electricity transmission infrastructure : ·         Why is investment in smart grid infrastructure growing?·         Two mega themes in the US, Europe and China·         No transition without transmission·         How to invest in this theme?Hosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Chief Investment Officer, et Guy Ertz, Deputy Chief Investment Officer, chez BNP Paribas Wealth Management, discutent de l'impact de l'escalade des tensions géopolitiques au Moyen-Orient.Les tensions entre Israël et Gaza sont évidentes depuis octobre 2023, donc ce n'est pas une situation nouvelle.Les efforts diplomatiques mondiaux se sont intensifiés pour éviter une escalade des tensions.Le prix du pétrole Brent avoisine les 90 dollars le baril, ce qui intègre déjà une prime de risque géopolitique substantielle, mais qui n'a pas augmenté récemment.Les prix de l'or continuent de grimper vers 2400 dollars l'once, mais cette hausse est principalement due aux achats des banques centrales et des consommateurs chinois, et non à une demande d'actifs refuges de la part des investisseurs.Les périodes précédentes de conflit régional ont eu un impact sur les marchés financiers mondiaux historiquement limité et de courte durée, ce qui est surprenant.L'impact le plus important sur les marchés jusqu'à présent provient plutôt des surprises en matière d'inflation et de croissance aux États-Unis, qui ont fait monter les rendements des bons du Trésor américain et le dollar américain, mettant ainsi la pression sur les marchés boursiers après une forte avancée de 6 mois.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Edmund Shing, Chief Investment Officer and Guy Ertz, Chief Investment Advisor, at BNP Paribas Wealth Management, discuss the impact of escalating geopolitical tensions in the Middle East. Israel-Gaza tensions have been evident since October 2023, so not a new situation;Global diplomatic efforts have intensified in an effort to avoid escalation of tensions;Brent crude oil price around $90/barrel already incorporates a substantial geopolitical risk premium, but which has not increased of late;Gold prices continue to rise towards $2400/ounce, but driven not by investor safe-haven demand, rather by central bank and Chinese consumer buying;Previous periods of regional conflict have had a surprisingly limited and short-term impact on global financial markets historically;Bigger impact on markets thus far has rather come from upside US inflation and growth surprises pushing US Treasury yields and US dollar higher, pressuring stock markets after a strong 6-month advance Hosted by Ausha. See ausha.co/privacy-policy for more information.