investors brace for new cold war that will ‘last our careers’
by:Rocket PCB
2019-11-06
Ray Dalio called it \"a long ideological war \".
Mark Mobius sees little hope for a quick solution.
Stephen Jane said we are witnessing a 15-round fight. As the U. S.
China has clashed on everything from trade to technology, and some of the biggest investment companies are preparing for the long-running superpower conflict and adjusting their portfolios accordingly.
For example, Mobius is avoiding a stake in Chinese exporters and buying companies that sell products to domestic consumers.
\"This game will be a draw.
It could continue our career, \"said Jen, a former economist at the International Monetary Fund and Morgan Stanley, who now runs hedge funds and consulting firm eurhorizon SLJ Capital.
\"As investors and analysts, we need to adjust our pace, not just focus on the latest news.
We need to understand the economic and cultural differences.
\"Bets on easing tensions have helped push the stock market to a record high four weeks ago and are now rapidly rolling out.
Global stocks fell $4 trillion this month,S.
Treasury yields fell to their lowest level since 2017 as the administration of Donald Trump raised tariffs on Chinese goods and imposed penalties on Huawei Technology Co. , Ltd.
Potentially disruptive supply constraints.
Xi Jinping has called on his fellow citizens to join the new Long March, and Beijing is ready to weapon its dominant position in the field of rare earths.
The main components of smartphones and electric vehicles.
For Dalio, the billionaire founder of Bridgewater United, the conflict is far beyond the trade war.
As China becomes a world power capable of challenging the United StatesS.
Due to different ways of government, business, and geopolitics, these countries will clash in \"various ways\", and this month, he wrote in a series of posts on LinkedIn that his investment was not mentioned.
\"They can\'t negotiate on these more basic issues,\" wrote Dalio . \" Dalio\'s company oversees about $160 billion in funding and operates in western port of Connecticut and Shanghai.
Even if Trump and Xi successfully reached a trade deal (
They are expected to meet at the G20 summit in June)
China and the United States. S.
According to Mobius, there will continue to be conflicts on issues such as technology in the foreseeable future.
\"We\'re in a new game.
The emerging market veteran left Templeton Asset Management last year to work with Trump
In an interview with Bloomberg Television, he said that he found a partner of Mobius capital.
He listed India, Vietnam and Bangladesh as potential beneficiaries as the conflict prompted manufacturers to leave China.
Kyle Xin of Gen2 Partners manages about $1.
The 3 billion hedge fund people who returned from a recent trip to China believe the conflict will take decades to resolve.
With the maturity of Chinese bonds in his portfolio, Shen Xin is using high
He said in a telephone interview that corporate debt ratings in developed markets. The Hong Kong-
Manager-based flagship fund released
After rising 20 percentage points in 2018, there was a single-digit return this year.
John Foo of Kingsmead Asset Management went further, selling all of his Chinese shares for the first time in two years
Ten years of career managing money in Asia.
He sold off his stock in the medium term.
2018 due to the trade war and credit crunch.
Since then, Foo has turned the Kingsmead Asia Alpha Opportunity Fund into more than one
Strategic hedge funds focus on Mekong economies such as Thailand and Vietnam.
Southeast Asian countries have a long history of cooperation with the United States. S.
Foo says China will benefit as the supply chain shifts.
Not everyone expected a big change in the status quo.
Morgan Stanley Chief Executive James Gorman said in an interview with Bloomberg that he did not expect
Although he warned that it would take decades for these countries to solve all their problems, a trade war broke out.
According to Jen of the European news agency, the possibility that the conflict will eventually end in a peaceful way is as high as 80.
Some traders believe that the recent loss of risky assets is an opportunity to buy.
Yunqi Capital, Hong Kong-
Hedge funds, which manage $0. 13 billion, have increased their positions in Rogers.
In December, again this month, after U. S.
Professional component manufacturers plummeted.
The company, which produces printed circuit board laminated products for mobile phone base stations and other special components, is an indirect supplier to Huawei and ZTE.
This is another Chinese telecom giant reviewed by the Trump administration.
Chris Wang, founder of Yunqi, believes that despite the US\'s exit, global demand for Rogers products will remain strong. S. -China conflict.
At the same time, hopes for trade progress have not completely disappeared.
Former US president Andy RothmanS.
Beijing diplomat, who is currently Asia investment strategist at Matthews, is optimistic that Trump will reach an agreement before 2020 presidential election.
\"I still believe that Trump believes that China\'s trade agreement is better than no agreement.
\"Election prospects,\" he said.
The view helped support global share prices in the first four months of the year, but market action in recent weeks has shown that skepticism is intensifying.
Trump himself said on Monday that he was not ready to reach an agreement and that tariffs on Chinese goods \"could rise very, very sharply.
\"It is uncertain whether he will continue his threat, but there is no risk for Shin of gen2.
\"Now May be a good time to sell May and leave,\" he said . \".
\"We don\'t want to take risks in 2019.
Mark Mobius sees little hope for a quick solution.
Stephen Jane said we are witnessing a 15-round fight. As the U. S.
China has clashed on everything from trade to technology, and some of the biggest investment companies are preparing for the long-running superpower conflict and adjusting their portfolios accordingly.
For example, Mobius is avoiding a stake in Chinese exporters and buying companies that sell products to domestic consumers.
\"This game will be a draw.
It could continue our career, \"said Jen, a former economist at the International Monetary Fund and Morgan Stanley, who now runs hedge funds and consulting firm eurhorizon SLJ Capital.
\"As investors and analysts, we need to adjust our pace, not just focus on the latest news.
We need to understand the economic and cultural differences.
\"Bets on easing tensions have helped push the stock market to a record high four weeks ago and are now rapidly rolling out.
Global stocks fell $4 trillion this month,S.
Treasury yields fell to their lowest level since 2017 as the administration of Donald Trump raised tariffs on Chinese goods and imposed penalties on Huawei Technology Co. , Ltd.
Potentially disruptive supply constraints.
Xi Jinping has called on his fellow citizens to join the new Long March, and Beijing is ready to weapon its dominant position in the field of rare earths.
The main components of smartphones and electric vehicles.
For Dalio, the billionaire founder of Bridgewater United, the conflict is far beyond the trade war.
As China becomes a world power capable of challenging the United StatesS.
Due to different ways of government, business, and geopolitics, these countries will clash in \"various ways\", and this month, he wrote in a series of posts on LinkedIn that his investment was not mentioned.
\"They can\'t negotiate on these more basic issues,\" wrote Dalio . \" Dalio\'s company oversees about $160 billion in funding and operates in western port of Connecticut and Shanghai.
Even if Trump and Xi successfully reached a trade deal (
They are expected to meet at the G20 summit in June)
China and the United States. S.
According to Mobius, there will continue to be conflicts on issues such as technology in the foreseeable future.
\"We\'re in a new game.
The emerging market veteran left Templeton Asset Management last year to work with Trump
In an interview with Bloomberg Television, he said that he found a partner of Mobius capital.
He listed India, Vietnam and Bangladesh as potential beneficiaries as the conflict prompted manufacturers to leave China.
Kyle Xin of Gen2 Partners manages about $1.
The 3 billion hedge fund people who returned from a recent trip to China believe the conflict will take decades to resolve.
With the maturity of Chinese bonds in his portfolio, Shen Xin is using high
He said in a telephone interview that corporate debt ratings in developed markets. The Hong Kong-
Manager-based flagship fund released
After rising 20 percentage points in 2018, there was a single-digit return this year.
John Foo of Kingsmead Asset Management went further, selling all of his Chinese shares for the first time in two years
Ten years of career managing money in Asia.
He sold off his stock in the medium term.
2018 due to the trade war and credit crunch.
Since then, Foo has turned the Kingsmead Asia Alpha Opportunity Fund into more than one
Strategic hedge funds focus on Mekong economies such as Thailand and Vietnam.
Southeast Asian countries have a long history of cooperation with the United States. S.
Foo says China will benefit as the supply chain shifts.
Not everyone expected a big change in the status quo.
Morgan Stanley Chief Executive James Gorman said in an interview with Bloomberg that he did not expect
Although he warned that it would take decades for these countries to solve all their problems, a trade war broke out.
According to Jen of the European news agency, the possibility that the conflict will eventually end in a peaceful way is as high as 80.
Some traders believe that the recent loss of risky assets is an opportunity to buy.
Yunqi Capital, Hong Kong-
Hedge funds, which manage $0. 13 billion, have increased their positions in Rogers.
In December, again this month, after U. S.
Professional component manufacturers plummeted.
The company, which produces printed circuit board laminated products for mobile phone base stations and other special components, is an indirect supplier to Huawei and ZTE.
This is another Chinese telecom giant reviewed by the Trump administration.
Chris Wang, founder of Yunqi, believes that despite the US\'s exit, global demand for Rogers products will remain strong. S. -China conflict.
At the same time, hopes for trade progress have not completely disappeared.
Former US president Andy RothmanS.
Beijing diplomat, who is currently Asia investment strategist at Matthews, is optimistic that Trump will reach an agreement before 2020 presidential election.
\"I still believe that Trump believes that China\'s trade agreement is better than no agreement.
\"Election prospects,\" he said.
The view helped support global share prices in the first four months of the year, but market action in recent weeks has shown that skepticism is intensifying.
Trump himself said on Monday that he was not ready to reach an agreement and that tariffs on Chinese goods \"could rise very, very sharply.
\"It is uncertain whether he will continue his threat, but there is no risk for Shin of gen2.
\"Now May be a good time to sell May and leave,\" he said . \".
\"We don\'t want to take risks in 2019.
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