Matthews Asia Perspectives
Special reports on topics relevant to Asia's markets.
Matthews Asia Perspective 19 October 2020
Across emerging markets, growth in e-commerce accelerates as the pandemic reshapes consumers' shopping patterns.
Matthews Asia Perspective 12 October 2020
ESG's Early Adopters
“In emerging markets, many exchanges and regulators are setting forth enhanced standards, often aimed at bolstering shareholder protections and corporate disclosure requirements.”
Matthews Asia Perspective 07 October 2020
The Resilience of Cities
Across emerging markets, urban consumption provides ballast and stability to a number of sectors and industries.
Matthews Asia Perspective 30 September 2020
China's Investment in Developing Economies
Emerging markets are developing richer, more consumer-led economies as China expands its infrastructure investments and trade relationships.
Matthews Asia Perspective 23 September 2020
Innovation in Action: Five Questions for Michael Oh, CFA, Portfolio Manager, Matthews Asia
Innovative companies are reshaping Asia's investment landscape, as older industries recede and newer business models take their place. Investing with a long-term view, Portfolio Manager Michael Oh seeks to understand what the market for innovative growth companies may look like in the next five to 10 years. In this Q&A, we sit down with Michael and discuss his approach to capturing the growth of Asia.
Matthews Asia Perspective 02 September 2020
2020: A COVID Quarantine Odyssey
China Macro Analyst Julia Zhu returned to Mainland China in August to visit her parents, giving her a first-hand look at one aspect of the incredibly intensive program for controlling the coronavirus.
Matthews Asia Perspective 31 August 2020
Japan Election and Macro Update
As Japan considers Prime Minister Abe's successor, fiscal and monetary policy appears to be remaining stable and Japanese corporate profits are climbing back from COVID-19 impact, at least for now.
Matthews Asia Perspective 07 July 2020
Asia's Information Technology Leap
Software and hardware companies are supporting new forms of consumption in Asia, such as the growing popularity of online games. Portfolio managers Sharat Shroff and Inbok Song discuss the opportunity set for long-term investors.
Matthews Asia Perspective 22 May 2020
A View of China Real Estate with 2020 Lens
In our latest Perspective, we explore some of the long-term structural reasons as to why the China real estate sector has been resilient and why we expect this resilience to continue going forward.
Matthews Asia Perspective 22 May 2020
U.S. and China: A World of Two Asset Classes?
As we look at emerging from the coronavirus pandemic, it is now becoming clear that there may be some long-lasting impacts to the world that will affect politics, economics and investments. Are we heading towards a world of two asset classes: the U.S. and China?
Matthews Asia Perspective 16 April 2020
Q&A with Teresa Kong
In this short Q&A, Teresa Kong, Portfolio Manager, provides her insights on the economic impact of the coronavirus and where she sees risks and opportunities, and why the current prices could represent a once in a decade opportunity to buy Asia high yield.
Matthews Asia Perspective 19 March 2020
How Low Can We Go?
Policymakers globally are being
extra vigilant to prevent a repeat of the liquidity issues that froze banks and
capital markets during the Global Financial Crisis. Are these measures going to
be effective? Is monetary policy potent in the current times?
Matthews Asia Perspective 04 March 2020
Q&A with Teresa Kong, Portfolio Manager
While the coronavirus COVID-19 has been stabilizing in China,
the rest of the world is still grappling with unknowns. This is especially true
in the U.S. In this short Q&A, Teresa Kong, Portfolio Manager, provides her
Matthews Asia Perspective 29 January 2020
Matthews Asia CIO Robert Horrocks, PhD, and Investment Strategist Andy Rothman offer their perspectives on the Coronavirus and its possible impact on China's governance and economy.
Matthews Asia Perspective 15 January 2020
The Alpha Potential in Japan's Small Caps
The potential to generate alpha by investing in Japan's small companies is driven by multiple factors: thin sell-side research coverage, an undersize venture-capital funding environment and low correlations to other asset classes.
Matthews Asia Perspective 30 December 2019
The 2020 Outlook for Southeast Asia
The best environment would be moderate U.S. growth, a
sideways U.S. market and a weaker U.S. dollar.
Matthews Asia Perspective 13 December 2019
Matthews Pacific Tiger Fund Outlook
Services Sectors Shine in China; India's Reforms Benefit Entrepreneurs
In this Q&A, Lead Manager Sharat Shroff discusses his outlook for 2020 and trends he is following on the ground in Asia.
Matthews Asia Perspective 21 August 2019
The Promise of 'Belt and Road'
China's ambitious infrastructure initiative points to the potential of global cooperation.
Matthews Asia Perspective 16 August 2019
Decoding Hong Kong's Protests
Protests in Hong Kong create a political balancing act for China. With the world watching, a patient approach may be in China's best interest.
Matthews Asia Perspective 09 August 2019
Management, Not Manipulation
We believe China is managing, not manipulating, its currency. The country's central bank aims to maintain a stable exchange rate amid trade-related volatility
Matthews Asia Perspective 31 May 2019
Our Latest Views on the U.S.-China Trade Dispute
U.S.–China trade concerns continue to weigh on global markets. Matthews Asia offers its perspective on how the dispute affects the long-term investment landscape
Matthews Asia Perspective 08 April 2019
Asia Credit Spreads Look Rewarding
We recently sat down with Matthews Asia Portfolio Managers Teresa Kong and Satya Patel to discuss the appeal of Asia corporate bonds for bond investors seeking global diversification.
Matthews Asia Perspective 02 April 2019
Thailand's Election Update
With Thailand's election results still uncertain, what are the likely scenarios?
Matthews Asia Perspective 25 February 2019
Four Key Elections in Asia to Watch
What investors should expect from upcoming elections in Thailand, Indonesia, India and the Philippines.
Matthews Asia Perspective 08 February 2019
Assessing Valuations in India's Stock Market
When considering the prospects for India's stock market, key factors of performance are the growth outlook and underlying valuations.
Matthews Asia Perspective 18 December 2018
Japan's New Growth Drivers
Matthews Asia Portfolio Manager Taizo Ishida discusses the evolution of Japan's equity market over the past two decades—and the opportunities that may lie ahead.
Matthews Asia Perspective 20 November 2018
China's Growing Stable of Unicorns
Unicorns are being funded in China faster than anywhere in the world and China's largest technology companies control nearly half of these highly valued startups. What does this mean for investors?
Matthews Asia Perspective 06 September 2018
China Takes Leading Role on Global Trade
Matthews Asia CIO Robert Horrocks says China's leadership on free trade is an important reason to invest in the growth of Asia.
Matthews Asia Perspective 20 August 2018
Are Turkey's Troubles Contagious?
Turkey's crisis may offer investors the opportunity to build positions in ASEAN countries and India.
Matthews Asia Perspective 21 June 2018
Our Views on the U.S.-China Trade Dispute
U.S.-China trade concerns have been weighing on investors. Matthews Asia examines the strength of China's underlying fundamentals, the rate of its middle class expansion and domestic consumption.
Matthews Asia Perspective 12 June 2018
New Chapter for Korean Peninsula
South Korea's economy may benefit from closer ties to North Korea, but costs and risks remain.
Matthews Asia Perspective 16 May 2018
Asia's Stability Makes It Poised for Growth
Matthews Asia CIO Robert Horrocks says Asia's political and economic environment looks strong for the region's long-term growth prospects.
Matthews Asia Perspective 08 May 2018
Malaysia Elections Update
Malaysia's 14th general election delivered a surprise win for the opposition.
Matthews Asia Perspective 10 April 2018
Indonesia's Green Shoots
While lackluster domestic demand led Indonesian equities to be eclipsed last year by equity markets in North Asia, Matthews Asia holds a more constructive view on Indonesia given recent signs of growth.
Matthews Asia Perspective 21 March 2018
After the Fall
Matthews Asia CIO Robert Horrocks says any declines in Asia’s markets in response to the U.S. are likely to lead to the emergence of cheap valuations far sooner than anywhere in the West.
Matthews Asia Perspective 31 January 2018
Off to a Wild Beginning in 2018
Matthews Asia CIO Robert Horrocks says Asia is still the world’s fastest-growing region and remains optimistic about the environment for corporate profits and investment in the region.
Matthews Asia Perspective 19 December 2017
Perspective: Looking for an Entry Point into Japan's Equity Market
Current index levels in Japan’s equity markets have approached bubble-era highs recently, raising the question of whether now would be an appropriate time to enter the market. We believe some caution is warranted in the short term, but we believe there is no reason to avoid investing in Japan altogether.
Matthews Asia Perspective 11 December 2017
Uncovering Opportunities in Asia's Tech Sector
Shares of some large-capitalization tech companies in Asia have delivered strong performance so far this year, driving up the tech sector weighting relative to the broader market. Do these types of stocks represent the best opportunities in Asia’s tech sector right now?
Matthews Asia Perspective 08 December 2017
Looking Beyond Benchmarks for Emerging Market Bonds
The emerging market (EM) asset class could use a re-examination. This is particularly needed as underlying EM regions tend to diverge by fundamentals and EM bond benchmarks continue to demonstrate shortcomings. Matthews Asia Portfolio Manager Teresa Kong examines this issue.
Matthews Asia Perspective 29 August 2017
ASEAN at 50: Thriving Region Offers Investors Compelling Opportunities
The Association of Southeast Asian Nations (ASEAN) marks its 50-year anniversary this year. With increasingly deep capital markets, including more than 4,300 listed companies, the ASEAN region provides investors with access to the compounding growth potential of these dynamic economies.
Matthews Asia Perspective 23 May 2017
The Case for Asia Credit Amid Rising Rates and Inflation
When it comes to enhancing portfolio yield and diversification, Asia offers compelling opportunities. But not all Asian markets are the same, and in some cases, cultural influences should be considered. Portfolio Managers Teresa Kong, CFA, and Satya Patel, explain how they navigate rising rates and inflation.
Matthews Asia Perspective 31 March 2017
Mainland China-Hong Kong Bond Market Connect
Given the recent flurry of announcements relating to the inclusion of Chinese bonds in various global bond indices and the announcement of the upcoming China-Hong Kong bond, we sat down with Teresa Kong to get a better understanding of the context and implications of these developments.
Matthews Asia Perspective 07 March 2017
Why Invest in Asia in an Age of Confrontation?
Rather than getting pulled into the noise of today’s political climate, stay focused on the fundamentals around economic growth. Matthews Asia Chief Investment Officer, Robert Horrocks, PhD, reminds investors of the factors that trends can’t change.
Matthews Asia Perspective 18 January 2017
Matthews Asia CIO and Portfolio Manager Robert Horrocks, PhD, examines the factors behind the U.S. dollar’s rally.
Matthews Asia Perspective 24 June 2015
More than Modi, The Case for Indian Equities
The Indian equity market was one of the world’s strongest performers in 2014. But, so far this year, performance hasn’t been as spectacular. While the vision that Prime Minister Modi has for India is positive, expectations have run ahead of execution. So does the investment case for allocating to India’s equity market still hold?
Market Update 15 April 2015
Video: Ghostly? China's Property Market Reconsidered
While the media continues to predict China’s imminent collapse, Andy Rothman, Investment Strategist, shares insights from a recent research trip to the region and helps investors reconsider China’s property market. As the world’s best consumption story, Andy explains why he believes China’s very soft property market is unlikely to result in a housing crisis.