Matthews Asia CIO, Robert Horrocks, talks to Hardeep Tawakley about ‘long termism' in Asia, why pressures to devalue the renminbi are a good thing for China, and how he is attempting to boost the group's AUM by diversifying its client base in the UK.
The fall-out from the Brexit vote is continuing to dominate the thoughts of many investors in Western markets, but Matthews Asia chief investment officer Robert Horrocks' mind is on how this 'Black Swan' event is impacting a region much further afield: Asia. Following the referendum last month, Japan was Asia's worst performing stockmarket, with the Nikkei down almost 8% the day after the vote in yen terms, although these losses were soon erased. However, the Shanghai Composite was down less than 1% in dollar terms, while Asian currencies (aside from exporters Korea and Malaysia) were ou...
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