Emerging markets for the long term: go for liquidity, capacity and low costs

“By way of contrast, a number of developed markets where funds have significant equity exposures exhibit significant current account deficits, such as in the US, and unfavourable demographics due to an aging population, such as in Japan and Europe… coupled with a large public and private sector debt overhang, may lead to a weaker economic outlook in the near term as households and governments seek to de-leverage and save more,” said Chee.

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Super funds grapple with hidden AI cross-exposures as boom runs on 

As super funds work to understand their total portfolio exposure to the artificial intelligence thematic, a complex picture of hidden betas and “attachment points” is gradually emerging. They also need to figure out how to play the same thematic in the “tricky” China market.

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