Matthews Asia Perspectives
Special reports on topics relevant to Asia's markets.
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 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 10 September 2018
Asia's Small Companies Go Big
Capturing a diverse range of business opportunities and return drivers, Asia's small companies offer attractive opportunities for long-term growth.
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 14 February 2018
South Korea - The Next Economic Rebirth
Thirty years since South Korea’s debut as Olympic hosts, the country is ready to showcase its next level of achievement—one driven by talent and R&D.
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 24 January 2018
Q&A: 2018 Outlook for India's Stock Market
In our 2018 India Outlook, Matthews Asia portfolio manager Sunil Asnani discusses risks and opportunities in India’s equity markets today.
Matthews Asia Perspective 24 January 2018
What's Behind India's Massive Bank Recapitalization?
Matthews Asia portfolio manager Sunil Asnani discusses India’s exercise in financial engineering that is aimed at giving public banks a fresh start to become stronger and profitable.
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 08 March 2017
Is 2017 a Game Changer for Japanese Equities?
Over the years, the Japanese economy has faced many macroeconomic headwinds. This year, many of them have turned into tailwinds. Here's reason for optimism.
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 01 December 2016
India's massive demonetization: Is bitter always better?
India’s new demonetization effort may be helpful in bringing
the parallel “black money” economy into the mainstream—at least for the time
being. Matthews Asia Portfolio Manager Sunil Asnani offers his views on the
Matthews Asia Perspective 09 November 2016
Q&A: Trump Victory and the Impact on Asia
With the U.S. election finally over and Donald Trump
elected president, Matthews Asia Chief Investment Officer, Robert Horrocks,
PhD, provides his views on what this potentially means for investors in Asia
and how this may impact the portfolios.
Matthews Asia Perspective 04 November 2016
Japan 2.0 - A New Generation of Growth
At Matthews Asia, we believe that Japan offers investors a new generation of companies that are taking advantage of growth opportunities in domestic and global markets where businesses and consumers have new product and service needs. How can investors participate?
Matthews Asia Perspective 28 July 2016
the Bank of Japan approaches practical limits on its purchase of government
bonds, several economists have argued that it might be time to consider
helicopter money. Could this approach be effective in reviving the Japanese
Matthews Asia Perspective 27 June 2016
The recent announcement affirming the U.K.’s vote to exit the E.U. has many ramifications, many of which affect millions of people in a negative way. Some refer to Friday’s announcement as a Black Swan event. Regardless of how the event is characterized, the fact is that the exact implications are largely unknown, the potential for a domino effect is real, governments and companies will need to re-think strategy and individuals will be impacted.
Matthews Asia Perspective 21 June 2016
"Rexit" in Context
Indian central bank Governor Raghuram Rajan will not be seeking an extension to his term. Matthews Asia considers the broader context.
Matthews Asia Perspective 12 May 2016
Riding the Credit Cycle: Is it Time to Buy?
In this Perspectives piece, Portfolio Manager Teresa Kong, CFA, explains why she believes we face a rare window of opportunity to be considering Asia credit. Why, specifically, is Asia high yield attractive?
Matthews Asia Perspective 28 April 2016
Dealing with Volatility
There has been much concern over market turmoil recently, which begs the question: how do investors deal with volatility? Robert Horrocks, PhD, CIO and Portfolio Manager, discusses how volatility is managed at Matthews Asia.
Market Update 17 March 2016
CIO Update: Understanding Volatility
Robert Horrocks, PhD, CIO and Portfolio Manager, discusses market volatility, what it means and how it impacts investors and their portfolios.
Matthews Asia Perspective 04 March 2016
The Key Challenges for Asia
Excessive leverage, the possibility of a slowdown in growth and the pace of structural reforms. Sharat Shroff, Lead Manager of the Matthews Pacific Tiger Fund, assesses the themes that are likely to concern investors with regards to Asia and shares his approach to investing in the region.
Matthews Asia Perspective 11 February 2016
Lost in Translation
The imposition of negative rates on Japan’s bank reserves recently caught the market by surprise. Teresa Kong, CFA, Portfolio Manager, explores the possible implications of this new interest rate policy for Japan and the rest of Asia.
Market Update 07 January 2016
Matthews Asia Analysis of Market Events in China
The first week of the New Year saw a precipitous drop in China’s stock markets, triggering a “circuit breaker” to halt trading, with repercussions in markets around the globe. Matthews Asia experts share their perspectives on this event in the context of the overall health of China’s economy.
Matthews Asia Perspective 05 January 2016
Investing for Long-Term Dividend Growth in Asia
Robert Horrocks, CIO and Portfolio Manager, explains the factors to be considered in selecting portfolio holdings. What’s in Matthews Asia’s investing DNA?
Market Update 12 November 2015
Video: Why the End of China's One-Child Policy Matters
The Chinese government has formally announced the end of its infamous "one-child" policy. This is a very important development, but its political significance far outweighs its economic consequences. In this video update, Andy Rothman, Investment Strategist, explains why, contrary to conventional wisdom, ending the one-child policy is unlikely to change the longer-term trend towards smaller families in China. In Andy’s view, the policy change is all about politics—about getting the government out of Chinese people’s bedrooms.
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.
Market Update 02 June 2014
Video: Andy Rothman, Perspectives on China
Andy Rothman, Investment Strategist, debunks some of the key misconceptions investors have about the world’s second-largest economy. China’s pace of growth remains high relative to other large economies, and it is occurring from a much larger base than before. As the drivers of structural growth shift from the public to the private sector, the growing pains are real but China remains the world’s biggest consumption story.
Market Update 20 December 2013
Video: Robert Horrocks on Dividends in Asia
When investors think about dividends, they often think in terms of yield. In this Citywire video interview, Robert Horrocks, PhD, CIO and Portfolio Manager, explains why he believes dividends play a more fundamental role in investment in Asia than just yield, and offers his views on the sustainability of growth in the region.