385. Is Asia being mispriced by global investors?

This interview explores the case for Asian equities amid changing market conditions. David Perrett, manager of the M&G Asian fund, joins us as we discuss why Asia remains compelling for long-term investors and how much recent performance reflects fundamentals versus sentiment. We also look at China’s evolving opportunity set, the importance of bottom-up stock selection, valuation-driven country positioning and the growing role of domestic consumption across the region. We finish with what investors should realistically expect from Asian equity exposure over a full market cycle.

What’s covered in this episode: 

• Why Asia still looks attractive long term
• Fundamentals vs sentiment in recent performance
• China’s post-property reset opportunity set
• Bottom-up stock picking
• Currency competitiveness across Asia
• Domestic consumption 
• The rising middle class in Asia
• Valuation-driven country overweights…
• And where the fund is underweight
• Managing volatility in Asian equity portfolios

Learn more on fundcalibre.com

Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.