On Investors’ Minds - APAC Edition

In this discussion, Kerry Craig, a Global Market Strategist at J.P. Morgan Asset Management, shares insights on private equity and market strategies for 2026. He discusses easing concerns surrounding private equity valuations due to rising exit opportunities. Kerry also delves into the growing private equity secondaries market and highlights private credit as an income source. Additionally, he reveals how investors can gain AI exposure through infrastructure investments and emphasizes the importance of discipline and risk management in asset allocation.

In this engaging discussion, Marcella Chow, a Global Market Strategist at J.P. Morgan Asset Management, explores the investment landscape for 2026. She emphasizes the ongoing appeal of equities due to earnings growth, AI advancements, and market dynamics. Marcella highlights the positive performance of Asian markets and AI's role in driving export growth, particularly in Taiwan and Korea. She advises a disciplined portfolio approach, balancing risk and income, while discussing the potential impact of U.S. Fed policies on interest rates and credit markets.

Raisah Rasid, a Global Market Strategist with J.P. Morgan Asset Management, shares her insights on the economic landscape for 2026. She discusses the potential growth patterns in the U.S. and China, highlighting how AI might influence global markets. Key risks are identified, including consumer spending habits and policy uncertainties in the U.S. Raisah also examines fiscal support in Europe, Japan's expansionary plans, and the importance of exports in Asia. Listen in for a deep dive into the main macro themes that will drive investor strategies in the coming year.

In this 124th episode of the On Investors' Minds - APAC Edition podcast, Kerry Craig is joined by Aaron Mulvihill, Global Market Strategist, to dive into the world of alternative assets through the just released Guide to Alternatives for Q4 2025.  What are the private market opportunities surrounding the rise of Artificial Intelligence (AI)?  What diversification advantages are present when investing in alternatives?  How has the recent pickup in IPO activity affected the private equity market?  Listen now to Kerry and Aaron to get up to date and find out what this all means for investors. The J.P. Morgan Guide to Alternatives is designed to simplify the complex world of alternative investments to help you make more informed decisions.  Download the Guide to Alternatives from the J.P. Morgan website (https://am.jpmorgan.com/en/asset-management/institutional/insights/market-insights/guide-to-alternatives/?utm_campaign=-en--podcastEP124) For 10 years, the Market Insights program has been on the ground across the Asia Pacific region engaging with clients, and providing guidance on the complex global markets. Listen now and don't forget to subscribe to stay updated on future episodes of On Investors' Minds - APAC Edition. For more analysis on the financial markets, visit the J.P. Morgan Asset Management website at https://am.jpmorgan.com.

In a deep dive into the booming Q3 earnings, Adrian Wong, a Global Market Strategist at J.P. Morgan, shares insights on the strong demand for AI-related hardware driving growth in Taiwan, Korea, and Japan. He discusses the risks APAC tech faces from U.S. policies and the rising data center infrastructure in China and Southeast Asia. Adrian also highlights the impact of AI on cloud strategies and internet advertising monetization. Plus, he recommends a savvy investment strategy combining high-growth tech with steady income assets.

Tai Hui dives into the importance of discipline in asset allocation for 2026, emphasizing the need for diversification amid high valuations. He discusses the fiscal sustainability challenges faced by the UK and Japan, highlighting their respective budget deficits and potential tax measures. Japan's massive stimulus package and concerns over rising bond yields also feature prominently. The conversation touches on broader fiscal risks across developed markets, reinforcing the idea that strategic planning is essential for investors navigating these complex landscapes.

Explore the 2026 Long-Term Capital Market Assumptions, highlighting key themes like economic nationalism, fiscal activism, and the impact of technology. Discover how U.S. corporate strength drives equity returns despite valuation challenges, while international markets benefit from a weaker dollar. Learn how rising fixed income yields enhance returns and the necessity of diversifying with alternatives for better risk management. Insights on productivity growth and the role of AI in boosting private assets make this discussion essential for savvy investors.

Pulkit Sharma, Head of Alternatives Investment Strategy at J.P. Morgan Asset Management, dives into the evolving world of alternative investments. He defines multi-alternatives and discusses the critical components for successful investment portfolios. Pulkit emphasizes a data-driven approach over 'fingerpainting' to enhance alpha sources like asset allocation and manager selection. He also outlines a six-step framework for building resilient portfolios while sharing insights on current trends in infrastructure and real estate, asserting the importance of strategic allocations.

The latest discussion covers the Fed's recent 25 basis point rate cut and its implications for the U.S. economy. Insights reveal a cautious Fed amid inflation risks and mixed economic signals. They explore potential future cuts and the influence of the government shutdown on decisions. The panel highlights global equity opportunities, the benefits of a diversified portfolio, and strategies for navigating fixed income and credit markets. Overall, they provide a comprehensive view of market dynamics and recommendations for resilient investing.

In this 118th episode of the On Investors' Minds - APAC Edition podcast, Tai Hui recaps the recently wrapped up 4th Plenum of the Chinese Communist Party, where the focus was in setting the 15th Five-Year Plan (FYP) for the period covering 2026-2030.  What are the top priorities set forth by the Chinese government?  How can investors best position their portfolios to complement China's top priorities?  What are the potential risks that need to be kept on focus?  Listen now to Tai to get up to date and find out what this all means for investors. The J.P. Morgan Guide to the Markets illustrates a comprehensive array of market and economic histories, trends and statistics through clear charts and graphs. Download the 4th quarter 2025 Guide to the Markets - Asia from the J.P. Morgan website (https://am.jpmorgan.com/en/asset-management/institutional/insights/market-insights/guide-to-the-markets/?utm_campaign=-en--podcastEP118). For 10 years, the Market Insights program has been on the ground across the Asia Pacific region engaging with clients, and providing guidance on the complex global markets. Listen now and don't forget to subscribe to stay updated on future episodes of On Investors' Minds - APAC Edition. For more analysis on the financial markets, visit the J.P. Morgan Asset Management website at https://am.jpmorgan.com.