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

Rikki Malik

Cross Asset Strategy

<ul>
<li>Risk reward favours this shift in allocation between these markets.</li>
<li>Japan will suffer from base effects on economic data and earnings this year as JPY move reverses.</li>
<li>Year end Positioning could provide attractive entry points for both legs.</li>
</ul>


Risk reward favours this shift in allocation between these markets.
Japan will suffer from base effects on economic data and earnings this year as JPY move reverses.
Year end Positioning could provide attractive entry points for both legs.


2024 High Conviction Idea: The Case for a Rotation Out of Japan into Hong Kong - Part 1

Selected Quarterly & Annual Newsletters from Funds, Fund Newsletters

Fund Newsletters

Selected Quarterly & Annual Newsletters from Funds

Equity Bottom-Up

Invesco DB US Dollar Index Bul / Equity Bottom-Up

<ul><li>Equity investors in countries with overvalued currencies have two ways to lose and those with undervalued currencies have two ways to win.</li><li>Today’s strong USD looks, in the end, to be our currency and our problem.</li><li>Keep an eye out for dangerously destructive economic policies, but don’t use that as an excuse to avoid the asset class entirely.</li><li>The yen and euro are at their cheapest levels in decades and hedging emerging market equities would be an expensive proposition even if the currencies weren’t generally cheap versus the USD.</li></ul>

Equity investors in countries with overvalued currencies have two ways to lose and those with undervalued currencies have two ways to win.Today’s strong USD looks, in the end, to be our currency and our problem.Keep an eye out for dangerously destructive economic policies, but don’t use that as an excuse to avoid the asset class entirely.The yen and euro are at their cheapest levels in decades and hedging emerging market equities would be an expensive proposition even if the currencies weren’t generally cheap versus the USD.

United States

Invesco CurrencyShares Japanese Yen Trust is an exchange-traded fund incorporated in the USA. The Fund is designed to track the price of the Japanese Yen. The Japanese yen is the national currency of Japan and the currency of the accounts of the Bank of Japan, the Japanese central bank. The Fund is rebalanced quarterly.

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Invesco Currencyshares Japan (FXY US)

2024 High Conviction Idea: The Case for a Rotation Out of Japan into Hong Kong - Part 1

A correct market allocation over stock specific allocation will define a successful year in 2024. Changing economic dynamics will mean the Japanese...

Rikki Malik

GMO Q2 2022 Quarterly Letter

Equity investors in countries with overvalued currencies have two ways to lose and those with undervalued currencies have two ways to win. Today’s...

Fund Newsletters

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