In this short video, we explain our proprietary quantitative model called the Macro Overlay Aggregate Tracker, otherwise known as ‘the MOAT’.

China’s dynamic economy sees its automotive sector thriving as the world’s largest manufacturer and exporter, defying negative sentiment with strong domestic and competitive overseas performance.

We expect the Chinese property market slowdown to have a limited economic impact. The moderate decline in property prices indicates a smaller-than-perceived property bubble.

At Ox Capital, our investment framework is rooted in identifying quality businesses with long-term sustainable growth thematics to drive outperformance. In this piece, we explore our proprietary quantitative model called the Macro Overlay Aggregate Tracker (MOAT.)

Why buying China equities now is like buying US equities during the GFC. Chinese equities are trading at mouth-watering attractive levels. In our view, the outlook is highly prospective for long term investors.

In our 2024 outlook video, Joseph Lai discusses the historical impact of the Year of the Dragon on Asian equities, recent high-level dialogues between the US and China, the multi-year transition of China’s economy, and more.

We are seeing a clear dislocation between reality and stock market sentiment. Contrary to news headlines of a lacklustre macro-economic environment and outlook, quality companies continue to execute and grow earnings, highlighting the importance of looking through the noise.

Welcome to 2024, the Year of the Dragon in the Chinese Zodiac. In this report, we outline our key expectations and themes across emerging markets in 2024 and how we are positioned.

Ox Capital follows an investment philosophy of acquiring future champion businesses at discounted valuations. Despite facing economic challenges, the Chinese economy is expected to overcome negative factors, such as reduced reliance on the property sector, geopolitical pressure, and ongoing economic reforms. Right now, we see an opportunity to invest and take advantage of these very attractive valuations.

The recent reduction in Brazil’s notably high 14% interest rate presents compelling investment opportunities, fuelled by the potential for economic growth through the recovery of essential commodities.