Higgins added they have “direct Chinese exposure”, believing the problems in the Chinese economy to be self-contained, and also maintain generalised emerging market funds and see potential in Vietnam, where there is “growth and deep value”.
Speaking at a briefing on Tuesday, both Syed and Higgins agreed their outlook for the global economy was largely positive and said “there is a very quiet economic boom going on that no one is talking about” with only one country, Brazil, underperforming on the PMI.
However, while they had few concerns about the soon-to-be inaugurated President-elect Donald Trump, claiming some of his policies had substance, a rocky relationship with China and a breakdown in the trade relationship was their top concern for 2017 with worries a 3am tweet could lead to a “big economic correction”.
