CONTACT US SUBSCRIBE
Call us!
×
Menu

Insights

The Chinese Lunar New Year for 2015 is represented by year of the goat and symbolized by the element of wood. The world’s second-largest economy is forecasted to lead the pack in absolute growth numbers at 6.8%1, the economy is in the midst of a rebalancing act, from heavily driven by infrastructure investments to increasing domestic consumption. In addition, the consensus is that the country…
Fuelled by reforms, India’s GDP is expected to grow at over 7% per year over the next three years, making it the fastest growing large emerging economy in the world, overtaking China.   India’s new business friendly government, led by Prime Minister Narendra Modi, is implementing a comprehensive reform program that will remove the barriers to growth, support massive infrastructural development, improve the legal, tax…
The launch of Shanghai-Hong Kong Connect in November 2014 has opened up the inaccessible mainland Chinese equity market to foreign investors.  The landmark initiative allows investors in Hong Kong to trade and settle shares listed in mainland China, and investors in mainland China to trade and settle shares in the Hong Kong market through the exchange and clearing house in their respective home market. Shanghai-Hong…
The US dollar currently dominates the global financial system but the RMB is rapidly becoming an international reserve currency. Already the world’s largest trading country; nearly 20% of China’s foreign trade is now settled in RMB versus just 3% in 2010. However, this is still low compared with ~50–60% of Eurozone external trade settled in euros, and 30–40% in yen for Japanese trade. The Hong…
Growth of China's USD 10.3 trillion dollar economy will continue to moderate and rebalance towards more domestic consumption drivers. We expect the government to provide selective monetary easing (similar to the recent cut in interest rates and RRR) and targeted stimulus, which will help "Old China" businesses.1 Chinese consumption moves online and evolves to more experiences as well as either value-oriented quality or unique luxury.…
Several macroeconomic factors have aligned perfectly to ensure that India's leading stock market, one of the best-performing markets in the world in the past year, appears poised to continue growing strongly. "The prospects for India's stock market are very good, especially for the long-term investor," says Mark Mobius, executive chairman of Toronto-based Franklin Templeton Investments Corp.'s emerging-markets group in Singapore. In 2014, India's bellwether S&P…
Despite a 11% YoY contraction in exports and a marginal pick-up in gold imports, the Jan trade deficit narrowed to a 16th month low of US$8.3bn. This was primarily due to a 37% contraction in oil imports. Going forward, given the Apr-Jan deficit of US$118.3bn and benign commodity view, we maintain our view of CAD narrowing to 1.2% and 0.2% of GDP in FY15 and…
The Aam Aadmi Party (AAP) of State of Delhi, led by Arvind Kejriwal, has redefined the words “absolute majority” by winning 67 of Delhi's 70 seats. This marks a turning point in India’s future as its population is sending a clear message to its leaders that they want an honest, clean government that is focused on economic development. Mr. Kejriwal takes over as Delhi’s Chief…
“The new Chief Executive of the Canada Pension Plan, Mark Wiseman, adds his voice to many others who have been advocating the importance of Asia and other EM regions to the global economic picture. Wiseman’s focus was on encouraging Canadian businesses to tap the growth in those markets. We believe that investors should similarly increase their investment exposure to EM growth by investing directly in…
The new Chinese government’s focus on internationalizing the renminbi (RMB) with initiatives such as increasing the number of offshore yuan clearing centres and relaxing the band of the USD peg has resulted in RMB-denominated payments increasing by 102% in 2014 versus overall currency payment growth of 4.4%. According to the global transaction services organization, SWIFT, this moves China into the top 5 payment currencies, globally.…
Another historic milestone for an EM country! After five decades of double digit growth, Dubai International Airport has just overtaken London's Heathrow as the world's busiest international travel hub. Dubai hosted 70.5 million international passengers last year versus the 68.1 million international travelers travelling through Heathrow. The opening of a new concourse this year will expand capacity to 90 million passengers. Dubai has been focused…
We are thrilled that two of our mutual funds were among the Top 10 mutual funds in Canada in 2014, outperforming more than 4,000 other mutual funds. The Excel India Fund, series F, with a total return of 54.2%, as at December 31, 2014, as tracked by Morningstar Canada, for the 1-year period ending December 31, 2014 was the best performing mutual fund, while the…

Disclaimer

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

×