Halfway through 2020, the world remains in the grip of a global pandemic, an economic shock of unprecedented scope and magnitude. Investors’ initial response was a flight to safety. Risky assets — whose valuations depend upon uncertain future cash flows — initially suffered severely. Equities, corporate bonds and real estate all sold off sharply only to stage a dramatic rebound.
Mondrian’ head of Chinese equities, Ginny Chong, recently spoke with Barron’s to discuss finding value amid the sharp selloff in Chinese stocks in the article, China’s Bad Economic News Has a Bright Side for Investors.
There has been renewed interest in frontier markets as global bond yields remain low and the continued search for yield widens to evermore niche asset classes.
The emerging markets asset class experienced a challenging quarter as negative news flow seemed to follow its largest component, China.
The semiconductor sector is in the grip of a cyclical upturn, after being thrust onto the front pages as the impact of acute shortages of certain chips is felt in many industries.
The semiconductor shortage has highlighted the ever growing importance of the sector to the global economy.
Mondrian is an employee owned investment management firm with offices in London, Philadelphia and Singapore. We are value investors across the globe in both equity and fixed income asset classes. Founded in 1990, we have employed a rigorous fundamental research process that is the foundation of our success. Mondrian’s well resourced investment team manages assets on behalf of over 250 institutional clients.
© 2024 Mondrian Investment Partners Limited is authorized and regulated by the Financial Conduct Authority – Firm Reference Number 149507. All information is as of December 31, 2023 unless otherwise noted.
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