All Into Account: Cross Asset Strategy: ‘View on EM stocks given the China slowdown’ with Pedro Martins, Chief EM Equity strategist

Recent developments such as the spectre of property default, worsening exports, and disappointing TSF credit point to further slowing in China, and Chinese stocks must cheapen further before they become interesting again. Ex-China, EM stocks are still cheap and under-owned, with the current P/E discount much wider than the already wide historical discount.

Speakers:

Thomas Salopek, Global Cross Asset Strategy

Pedro Martins, Chief EM Equity strategist

This podcast was recorded on date.

This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4486467-0, www.jpmm.com/research/content/GPS-4486687-0, for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.