Summary
We believe that a long-term equity allocation to China, the world's second-largest economy and equity market, is in our clients' best interest. Although recent market volatility and political tensions may make a tactical approach look appealing, history tells a different story. Moreover, fundamentals remain strong and valuations remain relatively low despite the recent rally.
2020 Recap
2020 has undoubtedly been a year full of unprecedented events that no one could have anticipated. Eight months into the year, we have overcome many challenges, and many are still evolving and remain to be resolved. Financial markets