US tax cuts and worsening trade relations with China have slowed the growth of Asian shares. In such situations, JP Morgan advises us to target the so-called defensive stocks, companies with high dividend and steady earnings, regardless of the cycle of the world economy. While Asia is only three years from the collapse of markets in 2015/2016, the likelihood of a shortened economic cycle in the region is growing significantly, said Julie Ho, a portfolio manager at JP Morgan Asset.
Julie Ho said that JP Morgan is currently building a solid exposure of Chinese and Australian toll operators, Indian utility companies, and Singapore real estate investment trusts. the banking sector should also not be excluded from profit opportunities, given rising global interest rates.
Source: Bloomberg Finance L.P.
Charts: Used with permission of Bloomberg Finance L.P.
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