Global Equities, Multi-Asset PM, Dantes Outlook

Damanick Dantes, CMT

Global Equities, Multi-Asset PM

Dantes Outlook

We invest over a full market cycle, using multi-asset portfolios tailored to each global client, from individuals to family offices.

Built to Endure

Cross Asset Strategy

<ul>
<li>Participation is broadening across markets as cap-weighted U.S. leadership narrows to a handful of stocks.</li>
<li>We stay invested in core trends and see room for emerging opportunities like China ADRs, which saw an upgrade. See our sample portfolio.</li>
<li>For Asia-focused investors, the dollar's softening is concentrated against EM Asia currencies and the carry complex despite the dollar index's bias against EUR.</li>
</ul>


Participation is broadening across markets as cap-weighted U.S. leadership narrows to a handful of stocks.
We stay invested in core trends and see room for emerging opportunities like China ADRs, which saw an upgrade. See our sample portfolio.
For Asia-focused investors, the dollar's softening is concentrated against EM Asia currencies and the carry complex despite the dollar index's bias against EUR.


Cross-Asset Rotations: China, Asia FX, Commodities, and More

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>Yuan’s Global Role Is Expanding Beyond Trade, StanChart Execs Say</li><li>The yuan is playing a growing role in cross-border trade and financing, but its global footprint remains limited, leaving substantial room to expand as Chinese companies deepen their overseas operations, Standard Chartered executives said at a recent forum in Singapore.</li><li>China Says It Has No Intention of Depreciating Yuan to Boost Exports</li></ul>

Yuan’s Global Role Is Expanding Beyond Trade, StanChart Execs SayThe yuan is playing a growing role in cross-border trade and financing, but its global footprint remains limited, leaving substantial room to expand as Chinese companies deepen their overseas operations, Standard Chartered executives said at a recent forum in Singapore.China Says It Has No Intention of Depreciating Yuan to Boost Exports

CX Daily: Yuan’s Global Role Is Expanding Beyond Trade, StanChart Execs Say 

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>China has 'won' the first phase of the trade war, with exports up 5%YoY and imports down 1%YoY in Jan-Oct'25 despite an appreciating RMB and high US tariffs (now stabilised). </li>
<li>FAI has declined YoY since Jun'25, declining 12.5%YoY in Oct'25, and severe PPI deflation has persisted for 37 months. Declining imports widened the 12m rolling-sum trade surplus to US$1.17trn. </li>
<li>Stagnant FX reserves show net capital and service/income outflows of US$825bn in Jan-Oct'25. Domestic vulnerabilities, however, are being papered over by the trade truce with the US. Bullish for China.</li>
</ul>


China has 'won' the first phase of the trade war, with exports up 5%YoY and imports down 1%YoY in Jan-Oct'25 despite an appreciating RMB and high US tariffs (now stabilised). 
FAI has declined YoY since Jun'25, declining 12.5%YoY in Oct'25, and severe PPI deflation has persisted for 37 months. Declining imports widened the 12m rolling-sum trade surplus to US$1.17trn. 
Stagnant FX reserves show net capital and service/income outflows of US$825bn in Jan-Oct'25. Domestic vulnerabilities, however, are being papered over by the trade truce with the US. Bullish for China.


China: Winning the Trade War While Still Imploding Domestically

Asian Economist

Kok Peng Chan

<ul><li>April 2025 saw extreme market volatility after President Trump announced sweeping reciprocal tariffs, mainly aimed at China.</li><li>Subsequent delays and complex exemptions fueled market swings, sparking fears of recession and inflation. First quarter 2025 US GDP contraction is not a trend.</li><li>Despite headline risks, deeper analysis suggests a more balanced global economy over the longer term. Both China and the US will do whatever it takes to avoid a recession</li></ul>

April 2025 saw extreme market volatility after President Trump announced sweeping reciprocal tariffs, mainly aimed at China.Subsequent delays and complex exemptions fueled market swings, sparking fears of recession and inflation. First quarter 2025 US GDP contraction is not a trend.Despite headline risks, deeper analysis suggests a more balanced global economy over the longer term. Both China and the US will do whatever it takes to avoid a recession

Assessing Trump’s Shock and Awe Move in Apr 2025

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>Sentiment, positioning and valuation provide a similar setup to January 2024</li>
<li>External macro events leading to a better fundamental environment for China</li>
<li>Foreign Investors' disappointment in minimal fiscal stimulus provides an asymmetric opportunity</li>
</ul>


Sentiment, positioning and valuation provide a similar setup to January 2024
External macro events leading to a better fundamental environment for China
Foreign Investors' disappointment in minimal fiscal stimulus provides an asymmetric opportunity


Just when I Thought I Was Out, They Pull Me Back In – Time for Another Tradeable Rally in the HSI?

China

The Chinese renminbi (yuan) is the official currency of The People's Republic of China. 

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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CNY (USDCNY CURNCY)

Cross-Asset Rotations: China, Asia FX, Commodities, and More

We scanned a wide universe to establish core and emerging trend positions in US, Chinese, and Japanese equities, commodities, and more.

Damanick Dantes, CMT

CX Daily: Yuan’s Global Role Is Expanding Beyond Trade, StanChart Execs Say

TOP STORIES Yuan’s Global Role Is Expanding Beyond Trade, StanChart Execs Say The yuan is playing a growing role in cross-border trade and...

Caixin Global

China: Winning the Trade War While Still Imploding Domestically

China's record trade surplus, despite stronger RMB, shows China has won 1st phase of the trade war. Vulnerabilities (big net capital outflows,...

Prasenjit K. Basu

Assessing Trump’s Shock and Awe Move in Apr 2025

This report presents a contrarian view to the doom and gloom view of the global economy as trade tensions escalate between the US and China

Kok Peng Chan

Just when I Thought I Was Out, They Pull Me Back In – Time for Another Tradeable Rally in the HSI?

Bloomberg today -Chinese cities removing restrictions on non-Hukou purchases. "China Weighs Removing Major Homebuying Curbs to Boost...

Rikki Malik

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Cross-Asset Rotations: China, Asia FX, Commodities, and More

We scanned a wide universe to establish core and emerging trend positions in US, Chinese, and Japanese equities, commodities, and more.

Damanick Dantes, CMT

CX Daily: Yuan’s Global Role Is Expanding Beyond Trade, StanChart Execs Say

TOP STORIES Yuan’s Global Role Is Expanding Beyond Trade, StanChart Execs Say The yuan is playing a growing role in cross-border trade and...

Caixin Global

China: Winning the Trade War While Still Imploding Domestically

​China's record trade surplus, despite stronger RMB, shows China has won 1st phase of the trade war. Vulnerabilities (big net capital outflows,...

Prasenjit K. Basu

Assessing Trump’s Shock and Awe Move in Apr 2025

This report presents a contrarian view to the doom and gloom view of the global economy as trade tensions escalate between the US and China

Kok Peng Chan

Just when I Thought I Was Out, They Pull Me Back In – Time for Another Tradeable Rally in the HSI?

Bloomberg today -Chinese cities removing restrictions on non-Hukou purchases. "China Weighs Removing Major Homebuying Curbs to Boost...

Rikki Malik

China's record trade surplus, despite stronger RMB, shows China has won 1st phase of the trade war. Vulnerabilities (big net capital outflows,...