【ZA Bank】2023 Investment Market Outlook and Opportunities
ZA Bank, together with two leading fund houses – Allianz Investment and Taikang Asset (Hong Kong), had earlier jointly organized the "2023 Investment Market Outlook and Opportunities" luncheon. We were honored to have two distinguished guests, Mr. Paul Fu, Director of Allianz Investment, who explained the 2023 US market outlook and Mr. Raymond Sze, Executive Director and Head of Product and Sales of Taikang Asset (Hong Kong), who provided information on the investment opportunities in various asset classes in 2023.
During the event, Mr. Fu shared several US investment market trends 👀 and Mr. Sze also shared information on money market funds and the outlook for China and Hong Kong stock markets Here are some of the highlights they shared at the luncheon:
The US market outlook
The consumer and the labor market remained resilient, and third-quarter and fourth-quarter corporate earnings were were not worse than feared in 2022. All these factors may help boost investor appetite for stocks and credit.
The Fed may have a slower pace of rate increases, which may eventually peak in 2023.
With the shift to an inflation-led regime (as opposed to a growth-led regime), it is considered that market conditions may become more conducive to relative-value positioning and multi-asset positioning.
Money Market Funds and China & Hong Kong Stock markets outlook
The interest rate for money market funds is expected to remain high in 2023.
The Hong Kong stock market is the most flexible Chinese stock market that benefits from the relaxation of epidemic prevention policies, and it is also the most beneficial market from policy shift in China.
China's domestic policy shift is expected to drive continued recovery in 2023.
More fantastic events are coming soon. Stay tuned for our updates!
Source: Allianz Investment and Taikang Asset (Hong Kong)
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