As long-term investors in Taiwan we prefer to look at the investment flows by Taiwanese companies into China as an indicator of the state of relations and not media speculation regarding the prospect for military hostilities. If China were going to invade Taiwan it would have happened years ago. The financial relationship between China and Taiwan is strong and growing. It is that financial relationship which will ultimately guide China and Taiwan to a sensible compromise regarding political differences.
We won't beat around the bush, this is a simple suggestion to look at listed Infrastructure equities as a source of dividend yield, reliability and yes, even capital growth.
The recent election in Singapore provided a gentle reminder to the ruling People’s Action Party that their hold on power should not be taken for granted. Singapore has generated significant financial wealth to deal with the impact of the Covid-19 pandemic and plans are underway that will underpin the short-term economic recovery as well as Singapore’s long-term reputation for competitiveness and innovation. The local equity market remains small and has not reflected the broad economic success of the country, nevertheless, we are able to find excellent small to mid-sized companies in Singapore to include in our Asian portfolio.
Kevin Smith takes a look at some of the political issues that have contributed to mass protests in Hong Kong and the impact on the risk and return characteristics of the local equity market in the short and long-term.
Kevin Smith takes a look at some of the long-term business management trends in Japan and the impact on reported profits and balance sheets. After two decades of reducing debt, corporate Japan is in a strong position versus their international competitors in a world of Covid-19.
After a strong rebound and some signs of a relaxation of the lock downs we are now entering ‘Phase 2’. The actual damage done will become clear and fears about a viral resurgence are likely. Consequently, we expect a sideways market for a few months. Long term returns are unlikely to be impaired however, although a temptation to unleash modern monetary theory would be alarming. Japan remains our favourite equity market.
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, addresses Japan in the wake of some of the negative news associated with the market. Japan forms an integral part of both the Asia Small Companies and Global High Conviction portfolios and it is important to stay abreast of what is happening in one of the world's largest economies.
This week we would like to visit perhaps one of the most controversial topics in the investment world. That is the case for investing in Asia, specifically why? And why now? The experiences of many investors in the past, especially retail investors, have simply not been the best. So why is it now the place to be?
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, takes a look at the curious case of Japan. What is happening there that should mean it is a safe haven amongst all the global turmoil?
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, looks to his own experience living and working in Hong Kong to place some context around the protests that are causing so much of a disturbance in global markets.
Kevin Smith, of Delft Partners and portfolio manager of the TAMIM Asia Small Companies Fund, highlights the improving returns for shareholders in Japan over recent years and explains why Japan deserves consideration for inclusion in your global equity exposure.
Kevin Smith, of Delft Partners and Portfolio Manager of the TAMIM Asia Small Companies fund, examines the misconceptions surrounding China. For such an important player in the world economy it is wildly misunderstood by the average westerner.
I have observed economic developments in China during the past three decades and found myself very frustrated with the ways in which China is often portrayed in the media. One of the best explanations of our fundamental misunderstanding of China is provided by former World Bank representative in China and Russia, Dr Yukon Huang in his book called “Cracking the China Conundrum Why Conventional Wisdom Is Wrong”.
Kevin Smith, of API Capital and Portfolio Manager of the TAMIM Asia Small Companies Fund, takes look at the edge that the Asian region has when it comes to innovation. This is a crucial part of the reasoning for ensuring your portfolio is exposed to the region. The purpose of this article is to outline Asia’s strength in the field of innovation, areas of caution to be noted with respect to the quality of innovation and some examples of innovative Asian companies in our portfolio.
Kevin Smith of API Capital, lead manager of the TAMIM Asia Small Companies portfolio, takes a look at improving corporate governance in Asia. This is an area that has improved dramatically this century and is one of the reasons that the Asian region is now an extremely attractive proposition for diligent investors.
Robert Swift, of API Capital and the TAMIM Asia Small Companies strategy, tackles confirmation bias in an examination of the China-USA trade war situation.
Robert Swift, of API Capital and the TAMIM Asia Small Companies fund, takes the time to answer one of the key questions around this newly launched strategy, Trump's trade war.
Robert Swift, of API Capital and the TAMIM Asia Small Companies fund, takes the time to answer one of the key questions around this newly launched strategy, the risks often associated with Emerging Market currencies.
Robert Swift, of API Capital and the TAMIM Asia Small Companies fund, takes the time to answer a few of the key questions around this newly launched strategy.
Kevin Smith, Lead Portfolio Manager for the exciting new Asia Small Companies strategy, takes a look at the Chinese bond market. He suggests that perhaps the media concern about rising defaults isn't cause for as much panic as they might suggest.
Robert Swift and the global equity team take a quick look at the USA China Trade War while also presenting the opinion of an associate of theirs, Stewart Paterson.
Robert Swift looks at the lack of diversification in not only the Australian market but also emerging markets. He presents an often misunderstood and underutilised alternative.
Kevin Smith, portfolio manager for the Asian Small Cap IMA reviews his 25 year history of investing into Chinese shares. Given the current interest in Chinese equities we thought the article was a timely primer to educate global investors on the history of the Chinese equity markets.
Markets & Commentary
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TAMIM Asset Management provides general information to help you understand our investment approach. Any financial information we provide is not advice, has not considered your personal circumstances and may not be suitable for you.