Rising demand for real assets
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The case for a standalone allocation to China
China's impact on global markets was made clear earlier this year when its return to economic growth, along with the US Fed's policy turnaround, helped pull global markets out of a fourth-quarter downturn. China's continuing growth and its standing as the world's second largest economy support our experts' belief that the case for a standalone approach to China is growing increasingly compelling.
Head of Asia Pacific Fixed Income
When Bloomberg put China bonds into its indices in April 2019 it sent a big message to the world, namely that Chinese bonds went directly into a developed market benchmark. That's largely because of the size of the onshore bond market, which we believe will soon grow larger than Japan's, to become the second largest in the world. So purely from a sizing perspective it makes sense to think of an allocation to China in a standalone sense, just as investors look at focused allocations to the US, UK, and Japan.
Head of China Equities
Ten years ago, investors used to talk about the BRICS economies, i.e. Brazil, Russia, India, China and South Africa, being the new drivers of the global economy. Things have clearly changed because these countries don't get mentioned together in the same way anymore. That's because China has emerged as the main driver of the global economy, contributing an estimated
Portfolio Manager
China Allocation Opportunity
Head of Investment Specialists, Investment Solutions
As China's onshore markets are included in global indices and their weighting increases, China will soon become the largest component for any emerging market indices. It would be a prudent and probably natural step to consider China separately from EM ex-China, much like the case for the US versus the World ex-US.
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