Time to look east in 2020?

As we enter 2020, a rotation in markets seems possible. While central bank policy remains accommodative, there is a risk that the returns to those areas that have been the greatest beneficiaries have largely played out. In this context, Paras Anand revisits the case for Asia.

Key points

• Asian markets overall offer good earnings growth at lower valuations relative to many developed markets.
• We expect some rotation between and within markets and it is important to be selective, particularly in markets like China.
• Corporate reform and restructuring can drive underlying earnings growth, with evidence of the former visible in a number of key markets.

Full article here – https://professionals.fidelity.co.uk/articles/expert-opinions/2019-12-02-time-look-east-2020-1575292905342

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