Eileen Dibb shares her Asia-Pacific outlook on which countries and sectors are performing well, and describes the impact political events, from the U.S. election to a new Japanese prime minister, may have on the region. Eileen also gives an update on the current positioning of Fidelity AsiaStar® Fund and Fidelity Japan Fund and how it might change. Chinese stocks and the economy have rebounded strongly, but have been cooling off slightly lately, Eileen notes. Relative to the rest of the world, China’s economy is strong, partially as a result of having been first-in, first-out with the coronavirus. Japan is a very cyclical market, and the auto and retail sectors have started to see a rebound. Eileen has shifted her weightings and is allocating more than the benchmark to Japan, and has added exposure to trucking and commodities.
Recorded on September 18, 2020.