Howard Wang, Portfolio Manager at J.P. Morgan Asset Management
Monday, 19 April 2021 18:37
Howard Wang: «Not Every Stock in Hong Kong Is Worth Investing In» );}
In the past, some firms chose to list in the U.S. However as a result of geopolitical tension that is now a less attractive route – so actually we have seen more business flowing to the Hong Kong Stock Exchange over the past couple of years, Howard Wang from J.P. Morgan Asset Management says in an interview with
finews.com.
Howard Wang, how can private investors best invest in the Chinese stock market?
The first question is whether to focus only on A-shares listed in Shanghai and Shenzhen; or in offshore stocks too – e.g. those listed in Hong Kong. The A-share market is liquid, deep and inefficiently priced – all factors which offer the opportunity to disciplined investors.
(Bloomberg) An upstart contender to U.S. Treasuries has emerged in the wake of last month’s vicious debt rout.Chinese government bonds have defied the turbulence rocking peers from Australia to Europe, offering a port in the global reflation storm. JPMorgan Asset Management and Brandywine Global Investment Management LLC are among those who now see them mimicking the resilience that has afforded U.S. government debt the status of the world’s safest asset in times of crisis.The nation’s 10-year yield has been wedged in a tight seven basis-point range over the past month, even as price swings in the rest of the bond world have broken out. While that doesn’t automatically make Chinese bonds the go-to bulwark against volatility, it helps explain why a market once closed to most international investors is emerging as a shock absorber in wild pandemic trading.“At times when you’re seeing volatility in the developed markets like you’re seeing
Bond sell-off is a foretaste of things to come Thushka Maharaj Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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For many in bond markets, the sell-off across fixed-income assets since the start of the year might appear to be a bracing foretaste of things to come.
Markets are undergoing a pivotal shift. Where extraordinary support from central banks was a key driver for markets over the past nine months, economic fundamentals will take the lead this year. And bond market repricing sits at the nexus of this transition.
Fractional Shares from Reverse Splits
For shareholders who hold quantities of shares that are not an exact multiple of the reverse split ratio (for example, not a multiple of two for a one-for-two reverse split), the reverse split will result in the creation of a fractional share. Post-split fractional shares will be redeemed for cash and sent to the broker of record. This redemption may cause some shareholders to realize a gain or loss, which could be a taxable event for those shareholders. Otherwise, the reverse split will not result in a taxable transaction for shareholders of the Funds.
About J.P. Morgan Asset Management
Investment Week is hosting its Alternatives Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of alternatives managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment for their portfolios and explain the role their strategies could play in helping diversify client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points.