Fidelity Investment Director Catherine Yeung is back on the program taking us through the value trade moving forward in 2021, inflation expectations in the Asian market, and where she is finding opportunities. Catherine is seeing different value opportunities across industries like materials, industrials, and energy. She is also seeing defensive value opportunities in the market such as bank and telecommunication companies. Catherine believes there is value to be found in all sectors, even in tech sector. She also comments on the economic recovery in China. She notes the Chinese household savings rate has increased from 31% to 37%. Semiconductor companies are benefiting because there is a shortage of supply in the market and semiconductor companies’ share price have rallied because of increase in demand. Once the economy has recovered, spending will increase significantly.
Recorded on February 26, 2021.