" With risk assets on life-support provided by governments and central banks, the risk of another major set-back remains very real. The massive global policy response to the COVID-19 pandemic has fuelled a rapid recovery since the March lows. However, experiences
from the Dotcom bust and post the GFC have demonstrated how long it can take to recover from a major market crash. There remain very few ways to avoid loss in such a scenario, other than holding high levels of cash, or by hedging market risks. ALF is in a strong position to protect capital, and even to flourish should we see another major setback for the share market."
www.bridgewater.com/china/
Asia ex Japan produce outstanding performance from 2006 to 2017
Under performingyears – 2008, 2011, 2013,2015, 2018, 2019
Asia exJapan YTD 2020 performing well, and better than rest of the world.
Thefundamentals show further room foroutstanding performance in future.
Performancecan be improved, => ex some poor performing stocks and sectors.
www.msci.com/equity-fact-sheet-search
www.msci.com/www/blog-posts/index-futures-and-the-expansion/02012308527
