Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Macroeconomics

<ul>
<li>China's Local Government Financing Vehicles remain a major obstacle to faster GDP growth and confirm that the country is quickly reaching its debt limits.</li>
<li>A lack of liquidity has kept Chinese stocks from rallying even though central authorities have deployed a massive amount of targeted stimulus measures</li>
<li>My new Bitcoin price projection is between USD 224K and USD 288K, two to seven years from now. </li>
</ul>


China's Local Government Financing Vehicles remain a major obstacle to faster GDP growth and confirm that the country is quickly reaching its debt limits.
A lack of liquidity has kept Chinese stocks from rallying even though central authorities have deployed a massive amount of targeted stimulus measures
My new Bitcoin price projection is between USD 224K and USD 288K, two to seven years from now. 


Podcast dissecting business, technology & media, Analyse Asia

Analyse Asia with Bernard Leong

Podcast dissecting business, technology & media

Analyse Asia

The premiere weekly podcast dissecting the pulse of business, technology & media in Asia. Hear our host interviewing leading journalists, senior executives, respectable authors & thinkers, entrepreneurs & thought leaders to discuss the most important issues that move and shake the business landscape in the Asia Pacific. The show is originally created and hosted by Bernard Leong.

Cross Asset Strategy

<ul><li>Embrace all types of stimulus, even if they look different from the past</li><li>Experienced investor in Asian markets sees similarities in current sentiment to past market cycles</li><li>Michael Fritzell, founder of Asian Century Stocks, shares his journey from journalism to finance and his passion for Asia and Chinese language and culture.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Embrace all types of stimulus, even if they look different from the pastExperienced investor in Asian markets sees similarities in current sentiment to past market cyclesMichael Fritzell, founder of Asian Century Stocks, shares his journey from journalism to finance and his passion for Asia and Chinese language and culture.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Will the Stocks from China Recover & Asian Century Stocks with Michael Fritzell

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

<ul>
<li>PBoC's 25bp LPR and 50bp RRR cuts in Feb'24 are likely to prove ineffective palliatives to deal with the massive overhang of unsold real-estate across China. </li>
<li>Challenge manifests in urban vacancy rates of 20% (&gt;twice Japan's at its bubble peak), real and potential liquidations of Evergrande and Country Garden, and bankruptcy of Zhongzhi shadow-banking group. </li>
<li>3% FAI growth underpinned 5.2% RGDP growth in 2023 despite low base. RGDP growth in 2024 will be 4%, and less in the medium-term as FAI and non-Russia exports stagnate.  </li>
</ul>


PBoC's 25bp LPR and 50bp RRR cuts in Feb'24 are likely to prove ineffective palliatives to deal with the massive overhang of unsold real-estate across China. 
Challenge manifests in urban vacancy rates of 20% (&gt;twice Japan's at its bubble peak), real and potential liquidations of Evergrande and Country Garden, and bankruptcy of Zhongzhi shadow-banking group. 
3% FAI growth underpinned 5.2% RGDP growth in 2023 despite low base. RGDP growth in 2024 will be 4%, and less in the medium-term as FAI and non-Russia exports stagnate.  


China's Growth Constrained by Crisis of Industrial & RE Over-Capacity

<ul>
<li>First, Japan entered a recession, and a week later, the Nikkei hit an all-time high after 34 years. Any idea why this is?</li>
<li>The Institute of International Finance (IIF) has updated its global debt chart. Be aware that it does NOT show the true underlying trend.</li>
<li>You are only allowed to trade Chinese equities if you are going to buy them. China will have a serious long-term issue in attracting fresh capital.</li>
</ul>


First, Japan entered a recession, and a week later, the Nikkei hit an all-time high after 34 years. Any idea why this is?
The Institute of International Finance (IIF) has updated its global debt chart. Be aware that it does NOT show the true underlying trend.
You are only allowed to trade Chinese equities if you are going to buy them. China will have a serious long-term issue in attracting fresh capital.


The Weekly Market Monitor – The 34-Year Wait Is Over!

<ul>
<li>The US economy grew much faster than expected in Q4, raising questions about whether yields will ever hurt economic momentum. The secret: fight higher interest burdens with more debt.</li>
<li>Employees of the ECB are happy to work there. We get that, Christine, but this doesn’t make you a great leader. Let’s talk again when the ECB must cut rates before Summer.</li>
<li>When it comes to Macro policies, China is just like everyone else. Whenever there is a problem, don’t solve it; just throw debt and liquidity at it. Chinese stocks are outperforming this week!</li>
</ul>


The US economy grew much faster than expected in Q4, raising questions about whether yields will ever hurt economic momentum. The secret: fight higher interest burdens with more debt.
Employees of the ECB are happy to work there. We get that, Christine, but this doesn’t make you a great leader. Let’s talk again when the ECB must cut rates before Summer.
When it comes to Macro policies, China is just like everyone else. Whenever there is a problem, don’t solve it; just throw debt and liquidity at it. Chinese stocks are outperforming this week!


The Weekly Market Monitor – Growth = Debt, China's Liquidity Wave & Earnings Not Falling off a Cliff

China

The MSCI China Index is a free-float weighted equity index. It was developed with a base value of 100 as of December 31, 1992.

MSCI China Index (MXCN INDEX)

China Blues, Bitcoin Booms!

China's economic woes are far from over, and Local Government Financing Vehicles are struggling. On the bright side, my Bitcoin price projection is...

Jeroen Blokland

Will the Stocks from China Recover & Asian Century Stocks with Michael Fritzell

The podcast episode of Analyze Asia with guest Michael Fritzell delves into the Chinese and Asian stock markets, discussing market cycles, lending...

Analyse Asia with Bernard Leong

China's Growth Constrained by Crisis of Industrial & RE Over-Capacity

PBoC's recent rate cuts are unlikely to sufficiently address China's real estate crisis and economic slowdown, with challenges including high...

Prasenjit K. Basu

The Weekly Market Monitor – The 34-Year Wait Is Over!

Investments highlighted: Nikkei 225 Index, Japan 10-year yield, DAX Index, Chinese Equities, Walmart, Nvidia, Bitcoin, Gold, Treasuries.

Jeroen Blokland

The Weekly Market Monitor – Growth = Debt, China's Liquidity Wave & Earnings Not Falling off a Cliff

Welcome to the Weekly Market Monitor, keeping you updated on last week’s most important charts and developments in financial markets.

Jeroen Blokland

China Blues, Bitcoin Booms!

China's economic woes are far from over, and Local Government Financing Vehicles are struggling. On the bright side, my Bitcoin price projection is...

Jeroen Blokland

Will the Stocks from China Recover & Asian Century Stocks with Michael Fritzell

The podcast episode of Analyze Asia with guest Michael Fritzell delves into the Chinese and Asian stock markets, discussing market cycles, lending...

Analyse Asia with Bernard Leong

China's Growth Constrained by Crisis of Industrial & RE Over-Capacity

​PBoC's recent rate cuts are unlikely to sufficiently address China's real estate crisis and economic slowdown, with challenges including high...

Prasenjit K. Basu

The Weekly Market Monitor – The 34-Year Wait Is Over!

Investments highlighted: Nikkei 225 Index, Japan 10-year yield, DAX Index, Chinese Equities, Walmart, Nvidia, Bitcoin, Gold, Treasuries.

Jeroen Blokland

The Weekly Market Monitor – Growth = Debt, China's Liquidity Wave & Earnings Not Falling off a Cliff

Welcome to the Weekly Market Monitor, keeping you updated on last week’s most important charts and developments in financial markets.

Jeroen Blokland

PBoC's recent rate cuts are unlikely to sufficiently address China's real estate crisis and economic slowdown, with challenges including high...