In our latest podcast, Senior Vice President – Investment Specialist Katie Klingensmith and Portfolio Manager & Senior Research Analyst Carol Lye take a look across Asia to assess opportunities in fixed income and currencies:
- With so many concerns surrounding China, is the pessimism warranted?
- While valuations and the nominal yield stories are not as compelling for Asian emerging markets relative to other regions, are there certain growth stories or select opportunities worth watching?
- Why has the Japanese yen been persistently weak? Is the outlook for the Japanese economy and monetary policy changing, and how may the currency be impacted?
While higher U.S. rates and China’s growth concerns have overshadowed the region, interest rate and growth differentials may begin to shift in favor of several Asian countries as U.S. growth weakens while China’s stabilizes. Furthermore, several emerging Asian economies stand to benefit from trends in foreign direct investment flows, driven by offshoring.
Press play below to listen to the full commentary.
Groupthink is bad, especially at investment management firms. Brandywine Global therefore takes special care to ensure our corporate culture and investment processes support the articulation of diverse viewpoints. This blog is no different. The opinions expressed by our bloggers may sometimes challenge active positioning within one or more of our strategies. Each blogger represents one market view amongst many expressed at Brandywine Global. Although individual opinions will differ, our investment process and macro outlook will remain driven by a team approach.