Our emerging markets team went on a research trip to China. They tested out the latest drones, saw first hand the cashless society that China has become and was shown a cooker that can download receipes from the internet and automatically cooks the dish. What else did they discover?
Visiting the factories, walking around the shop space, talking to the management, their customers and vendors allow the team and me to test if the assumptions in our valuation models are likely to be achieved.
Our EM fixed income argues that #tradewars have to subside as returns are dependent on global factors. More
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