In September, Taiwanese export growth rose to 9.4% annually, which represented an acceleration from August's 8.3% rate. This improvement constitutes a positive sign for the global manufacturing sector because Taiwanese…
BCA Research's China Investment Strategy service remains overweight Chinese domestic and investable stocks in a global portfolio in the coming six to nine months. China offshore cyclical stock prices have been driven by…
Dear Client, Next week I will present our outlook on China’s economic recovery, the direction of economic policy and financial markets for the rest of the year and beyond in two live webcasts. The webcasts will take place next…
BCA Research holds a favorable cyclical view on foreign stocks relative to US equities. A common question from our clients is: where do EM equities stand within that ranking? Valuations are one angle we can use to approach…
Highlights Q3/2020 Performance Breakdown: Our recommended model bond portfolio outperformed the custom benchmark by +19bps during the third quarter of the year. Winners & Losers: The government bond side of the portfolio…
For September, the official Chinese Manufacturing PMI rose to 51.5, marginally beating expectations of 51.3. The Non-Manufacturing PMI also beat expectations, hitting 55.9, its highest reading since 2013. The Caixin PMIs confused…
After easing for the last six months, EM financial conditions are deteriorating in response to the widening of spreads and the weakening of currencies highlighted in the Country Focus. While this deterioration in financial…
In recent weeks, EM bonds have suffered a significant selloff as EM FX depreciated close to the levels that prevailed between March and May. EM fixed income assets suffered from a confluence of factors. First, fixed income…
Highlights Near-Term Uncertainties: Investors have grown a bit more nervous in recent weeks, amid signs of a second wave of the coronavirus in Europe and with the contentious US presidential election only five weeks away. The pro-…