Polar Capital's Nøddekær: Trade wars will allow Asia to 'step out on its own'

US becoming insular

The ongoing bifurcation of the US and Asia caused by President Donald Trump's trade war threats will be a positive for emerging markets (EMs) and in particular Asia, according to Polar Capital's Jorry Nøddekær.

Nøddekær joined Polar Capital in June from Nordea and leads the firm's five-strong emerging markets team, which manages the EM Stars, China Mercury and China Stars funds and will run the soon-to-be-launched Asia Stars fund. He said he expected the US and Asia to increasingly separate ties in the future, which would be a positive for the EM asset class as it would reduce the impact of the US dollar on the region.  EMs have been hard hit in recent months due in part to the strength of the dollar and a number of country-specific concerns. This has led to the MSCI Emerging Markets inde...