Dong Chen

Asean’s role as a neutral platform for dialogue may be strengthened

By focusing on longevity, investors seek to grow both capital and income over a long time horizon – sometimes in perpetuity

In the longer term, the trade conflict with the US will likely accelerate the development of China’s domestic semiconductor industry

EU equities may be boosted by a dovish monetary policy stance and high consumer savings rate providing additional support for growth

Three convictions for the year: Favour cash-rich companies and financials, profit from increased M&A activity, and benefit from private equity’s revival

While market volatility is likely in the short term, investors should embrace a longer outlook

Local-currency emerging-market government debt seen to offer attractive risk-adjusted yields; selective opportunities in investment-grade corporate bonds as well

We expect US growth to moderate, a modest rebound in Europe and a gradual recovery in China

A thorough analysis of companies’ and industries’ exposure to event risk will be an integral part of the investment process

In the current environment, fixed-income assets look more interesting than equities, especially investment-grade bonds