Hong Kong – so hot right now

The recent surge in Hong Kong’s equity market underlines a point we have been making recently – that it is often misleading to speak of ‘emerging markets’ as a singular group.

The expectation of rising US interest rates is prompting many analysts and investors to avoid emerging markets, on the belief that the unwinding US dollar carry trade will see them underperform.

Hong Kong – benefiting from the Great Chinese Wall of Money

1504_Blog_HKhot

Source: BTIM, FactSet

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