Global

Markets have moved sharply to reprice Chinese assets upwards after the world’s second-largest economy signalled its reopening. However, some doubt the sustainability of the current bull market, saying key ingredients for a lasting recovery are missing.

With economists expecting the Australian dollar to strengthen this year, investors are looking to currency-hedged funds to remove FX exposure that threatens to erode the value of their international investments.

After equity markets recalibrated during a volatile 2022, the market is anticipating a tale of two halves in 2023. Investors should look for opportunities in established and high-quality global stocks, with a focus on corporate earnings.

While the market is broadly underweight China, South African-based Foord Asset Management is confident that President Xi Jinping’s economic plan for the country will bear fruit over time.

The Chinese government’s announcement of less onerous isolation guidelines prompted markets to rally in anticipating of a move away from zero-COVID policies. While significant short-term challenges remain, market sources say renewed growth may be in sight, representing future opportunity.

The continuation of an economic world built on linear consumption, LGT Crestone’s Rachel Etherington says, will further burgeoning social and economic issues that threaten to destabilize the global system.

Elon Musk’s last-minute decision to revive his original $44 billion buyout of Twitter Inc. sees its shares up 23 per cent but Tesla shares down 16 per cent last week.

The Australian Securities Exchange (ASX) recently launched the S&P/ASX Agribusiness Index (XAG) to offer investors direct exposure to domestic public agribusinesses.

Australia has thus far remained relatively immune from the inflation challenge occurring around the world, but the 5.1 per cent CPI result in May was met with significant concern from the central bank. While the majority was explicable, being rolling impacts on energy, education and property costs from the pandemic, the Reserve Bank has responded in the same way as most of its global counterparts.

AXA has launched two new green strategies as part of its plan to expand investment portfolios and rollout into Australian markets. The AXA IM Global Green Bond Fund and the AXA IM Clean Economy Equity Fund will join AXA IM’s flagship Sustainable Equity Fund, which was launched back in 2014.

Russia’s invasion of Ukraine will continue to have a significant impact on the outlook of the global economy and the human race for decades to come. This is something highlighted by global consultancy firm, McKinsey, in a recent post tracking the 12 major disruptions that are set to change the world as we know it.

Australia’s largest ETF provider, Betashares, has launched two new products designed to take advantage of the move to decarbonisation and renewable energy – BetaShares Solar ETF (ASX:TANN) and BetaShares Global Uranium ETF (ASX:URNM). The move comes just days after ETF competitor VanEck, announced it would launch a carbon credits ETF. The ETF will track the…