Emerging Markets & China Strategy

Emerging Markets & China Strategy is led by Yan Wang, focusing on investment opportunities in the developing world, both as an asset class and in specific countries. Capitalizing on its strong expertise in China, the team pays particular attention to the country’s unique economic and political issues, cyclical developments, and investment implications for both emerging markets and the world. 

 

Yan Wang
Chief Emerging Markets & China Strategist
Full Bio >

Emerging Markets & China Strategy Deliverables
Weekly Report

Published three times per month, the Weekly Report provides timely and in-depth analysis of macro trends, key investment themes, and actionable recommendations in emerging markets, with a heavy focus on China’s outlook and its global impact.

Quarterly Equity Allocation Strategy

Published in the first week of every quarter, the Equity Allocation Strategy provides allocation recommendations in the EM universe at country and sector levels. The strategy is primarily based on quantitative models, with a macro overlay reflecting our views on global conditions and idiosyncratic country/sector factors.

Thematic Chartpack

Published periodically, the Thematic Chartpack is a selection of charts focusing on various aspects of the Chinese economy and financial markets, as well as developments in some smaller EM and frontier countries not regularly featured in our publications.

Previous Emerging Markets & China Strategy Research

EM Equity Allocation For Q4 – October 3, 2018

Overall, the country allocation recommendations are largely stable, but the dispersion between countries’ model weights and their benchmark weights has become smaller, especially for our less favored markets. For Q4 no country fits our criteria for the most bearish rating of “underweight”, i.e. 20% below benchmark weight for smaller markets and 10% below for larger ones.


China Reflation/Inflation WatchOctober 2, 2018

In the current environment where growth has been sluggish, however, it is highly unlikely that food inflation, even if it occurs, would lead to a broader inflationary pressure in the economy. In fact, our model predicts continued deceleration in producer prices. This means that deflation is a greater threat than inflation.


Turkey: An Atypical EM Crisis
August 21, 2018

A critical feature in the ongoing Turkey crisis is that the lira is a free-floating currency, while previous EM banking crises induced by balance of payments difficulties were always associated with currency pegs. Turkish economy will suffer a dramatic growth slowdown, but a full-blown economic and banking crisis does not appear likely at the moment.

Emerging Markets & China Strategy

Emerging Markets & China Strategy is led by Yan Wang, focusing on investment opportunities in the developing world, both as an asset class and in specific countries. Capitalizing on its strong expertise in China, the team pays particular attention to the country’s unique economic and political issues, cyclical developments, and investment implications for both emerging markets and the world. 

 Yan Wang
Chief Emerging Markets & China Strategist
Full Bio >

Key Deliverables
Weekly Report

Published three times per month, the Weekly Report provides timely and in-depth analysis of macro trends, key investment themes, and actionable recommendations in emerging markets, with a heavy focus on China’s outlook and its global impact.

Quarterly Equity Allocation Strategy

Published in the first week of every quarter, the Equity Allocation Strategy provides allocation recommendations in the EM universe at country and sector levels. The strategy is primarily based on quantitative models, with a macro overlay reflecting our views on global conditions and idiosyncratic country/sector factors.

Thematic Chartpack

Published periodically, the Thematic Chartpack is a selection of charts focusing on various aspects of the Chinese economy and financial markets, as well as developments in some smaller EM and frontier countries not regularly featured in our publications.

Previous Research

EM Equity Allocation For Q4 – October 3, 2018

Overall, the country allocation recommendations are largely stable, but the dispersion between countries’ model weights and their benchmark weights has become smaller, especially for our less favored markets. For Q4 no country fits our criteria for the most bearish rating of “underweight”, i.e. 20% below benchmark weight for smaller markets and 10% below for larger ones.

China Reflation / Inflation WatchOctober 2, 2018

In the current environment where growth has been sluggish, however, it is highly unlikely that food inflation, even if it occurs, would lead to a broader inflationary pressure in the economy. In fact, our model predicts continued deceleration in producer prices. This means that deflation is a greater threat than inflation.

Turkey: An Atypical EM CrisisAugust 21, 2018

A critical feature in the ongoing Turkey crisis is that the lira is a free-floating currency, while previous EM banking crises induced by balance of payments difficulties were always associated with currency pegs. Turkish economy will suffer a dramatic growth slowdown, but a full-blown economic and banking crisis does not appear likely at the moment.

 

 

 

 

 

 

 

 

“At Alpine Macro, we have brought together some of world’s brightest and most successful Strategists with decades of combined experience with global financial markets. Our clients can rest assured that our team is dedicated to producing the most insightful, relevant and provocative independent investment research you can find.”

– Chen Zhao, Co-founder & Chief Global Strategist