Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

REAL-Economics.com

Macroeconomics

-Eurozone inflation jumped to 1.8% YoY in January 2017, the highest since February 2013 and perilously close to the ECB's target. With European members of NATO likely to be obliged to raise defense spending substantially, the need for continued QE in the Eurozone is diminishing. As expectations about ECB policy change, the Euro should steadily edge higher.-The US Fed targets the core PCE deflator, which was up 1.7% YoY in December (broadly the same pace as in the previous four months). Although…

-Eurozone inflation jumped to 1.8% YoY in January 2017, the highest since February 2013 and perilously close to the ECB's target. With European members of NATO likely to be obliged to raise defense spending substantially, the need for continued QE in the Eurozone is diminishing. As expectations about ECB policy change, the Euro should steadily edge higher.-The US Fed targets the core PCE deflator, which was up 1.7% YoY in December (broadly the same pace as in the previous four months). Although…

Inflation Is Back, and Euro Weakness Is Unlikely to Return in 1H 2017

Leading International Investment Research, Edison Investment Research

Edison Investment Research

Leading International Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Equity Bottom-Up

INVESCO Asia Trust PLC / Equity Bottom-Up

Invesco Asia Trust (IAT) aims to generate long-term capital growth from investment in Asia ex-Japan equities across the capitalisation spectrum. The portfolio of c&nbsp;60 stocks is diversified by sector and geography. IAT&rsquo;s NAV total return has outperformed its MSCI AC Asia ex-Japan benchmark over one, three, five and 10 years. Near-term absolute returns have been particularly strong, having been enhanced by a fall in the value of sterling. IAT&rsquo;s board actively manages the share price discount to ex-income NAV via tender offers and share repurchases. Annual dividends have been maintained or increased every year since 2001; the current yield is 1.6%.

Invesco Asia Trust (IAT) aims to generate long-term capital growth from investment in Asia ex-Japan equities across the capitalisation spectrum. The portfolio of c&nbsp;60 stocks is diversified by sector and geography. IAT&rsquo;s NAV total return has outperformed its MSCI AC Asia ex-Japan benchmark over one, three, five and 10 years. Near-term absolute returns have been particularly strong, having been enhanced by a fall in the value of sterling. IAT&rsquo;s board actively manages the share price discount to ex-income NAV via tender offers and share repurchases. Annual dividends have been maintained or increased every year since 2001; the current yield is 1.6%.

Sustained outperformance versus benchmark

United Kingdom

INVESCO Asia Trust plc is an investment trust incorporated in the United Kingdom. The aim of the Fund is to provide long-term capital growth through investing in a portfolio of Asian and Australasian companies. The benchmark is the MSCI All Country Far East (Ex Japan) Free Index, measured in sterling.

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INVESCO Asia Trust PLC (IAT LN)

Inflation Is Back, and Euro Weakness Is Unlikely to Return in 1H 2017

-Eurozone inflation jumped to 1.8% YoY in January 2017, the highest since February 2013 and perilously close to the ECB's target. With European...

Prasenjit K. Basu

Sustained outperformance versus benchmark

Invesco Asia Trust (IAT) aims to generate long-term capital growth from investment in Asia ex-Japan equities across the capitalisation spectrum....

Edison Investment Research

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