Could pent-up demand in China spur the stock market in 2023?

Joss Murphy 03/01/2023

In a whistle-stop tour of emerging markets, Rob Brewis, co-manager of the Elite Rated Aubrey Global Emerging Markets Opportunities fund, starts by telling us about the Chinese companies that did well in 2022 despite the stock market falling around them. He also says that the Chinese consumer has saved almost the equivalent of the entire retail sales China enjoyed in 2019, and even if only a fraction of that is now spent by the consumer, 2023 could be very positive. He also gives his thoughts on India, the potential of Indonesia, and the outlook for Brazil under its new president. Rob wraps up by offering an insight into two of the fund’s more interesting holdings, Proya Cosmetics in China and Eicher Motors in India.

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