A commonly held, but misplaced, belief that emerging market debt is an obscure and risky outpost of the fixed income universe has resulted in its under-representation in many portfolios.
In the "battle of the bays" featuring locations such as Tokyo, New York and San Francisco, our money is on China's Greater Bay Area becoming the pre-eminent economic region in the world.
Economic and Strategy Viewpoint
This month we update our forecasts for a wobbly world economy, but see green shoots beginning to sprout in Europe.
The GDP impact of escalating trade tensions will be more severe on China but US consumers will pay as companies pass on higher costs.