Perspectives

High rates and inflation are likely to drive slower global growth this year, while China’s disappointing recovery from COVID continues to weigh on trade; inflation should continue to fall, but the trajectory is uncertain given the stickiness of services inflation and the potential for geopolitics to disrupt the glidepath to a soft landing; multiples, meanwhile, have expanded and spreads have narrowed, presenting little room to absorb negative news; diversification and discipline are key.

Asia’s big three – China, Japan and India – are back in the spotlight for investors, albeit each for different reasons. Here, the Bedrock Research Team consider the opportunities from their respective equity markets.

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The Rise of GP Stakes Investing: A Closer Look with RidgeLake Partners

In this article Neil Benjelloun, Bedrock’s Head of Private Markets, sheds some light on the intriguing and relatively unexplored area of GP Stakes Investing. Sharing key insights and takeaways from a live Q&A session he hosted with Michael Lunt from OA Private Capital and co-lead of RidgeLake Partners.

On Thursday 22nd February 2024, Japanese stocks made history – by repeating the past. After a long, long wait, Tokyo’s Nikkei 225 Index finally regained the all-time-high it first attained on the final day of 1989. In 1990 Japan’s so-called ‘Bubble Economy’ burst and the country – and its stock market investors – endured lost decades.

India – now not just the world’s largest democracy but also its most populous country – goes to the polls next month. International investors, increasingly drawn into the country’s stock markets by a compelling growth story, will be watching closely. Seeking re-election for a third term, Prime Minister Narendra Modi must fancy his chances

Elections are one factor investors in China do not have to consider. But plenty of other challenges have weighed on Chinese stocks, which have retreated heavily in the last three years in the face of domestic and geopolitical risk, a limp post-COVID recovery, an ongoing real estate crisis and an attempted restructuring of the economy towards a new growth model.