Bloomberg Daybreak: Asia Edition Finding Opportunities in Emerging Markets
Jan 15, 2025
Rob Haworth, Senior Investment Strategist at U.S. Bank Wealth Management, shares expert insights on the impact of U.S. economic data on the Federal Reserve's policy. The discussion navigates the cautious optimism surrounding emerging markets, particularly focusing on opportunities in India, Indonesia, and Vietnam. Haworth highlights the challenges posed by China's slowdown and inflation trends while examining the significance of tariffs and labor shifts. Listeners also gain valuable perspectives on dividend strategies and global investment opportunities as U.S. valuations rise.
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Emerging Markets Outlook
- 2024 was a challenging year for emerging markets, especially in Asia, due to China's struggles.
- However, there's hope for improvement in 2025 as the worst-case tariff scenarios are unlikely to materialize.
China's Economic Slowdown
- China's credit data was disappointing, with new loans declining for the first time in 13 years in 2024.
- Despite government intervention, investors should anticipate slower growth around 3%.
Investment Strategy for China
- Focus on Chinese companies gaining domestic market share and expanding globally.
- Consider cosmetic sectors like Proya and companies in the EV supply chain.