China News Agency, Beijing, November 29 (Reporter Pang Wuji) The global wealth management agency UBS released its 2022 Global Outlook Report and Investment Asia Pacific Report on the 29th, saying that since this year, Asian stock markets have not performed as well as the United States and the world.
However, as vaccination continues to advance, economic activities are gradually opening up, and travel restrictions have finally begun to relax. Asia, which has been relatively lagging this year, may "turn things around" in 2022.
The report pointed out that Asian stock markets have fallen 1% this year, while the United States (MSCI US Index) and the world (MSCI World Index) have risen by 26% and 19%, respectively.
But this situation is expected to change next year.
Chen Minlan, Chief Investment Officer and Chief Investment Officer Office of UBS Asia Pacific, said that looking forward to the future, UBS has a positive view on the prospects of Asia.
The haze looming over the financial market, including supply bottlenecks and rising energy prices, is expected to gradually dissipate in 2022.
At the same time, the rapid advancement of vaccination will enable Asian economies to further move towards a full restart in 2022.
Chen Minlan believes that in the new year, risky assets in Asia will perform well. Winners under structural trends such as falling behind to make up for stock gains, economic restart, and technological disruption and net-zero transformation will have investment opportunities.
UBS expects that although Asian economic growth will slow down next year, it will remain stable, and Asian GDP growth is expected to be around 5.8% in 2022 (this year is expected to be 7%).
MSCI Asia (except Japan) estimates that there will be a mid-double-digit increase.
From a global perspective, UBS believes that 2022 will be a year of divergence in the second half of the year: the economy grew rapidly in the first half of the year and inflation was high, and in the second half of the year, economic growth will slow down and inflation will fall.
Mark Haefele, Chief Investment Officer of UBS Wealth Management, pointed out that in the long run, investors should look for opportunities in the transformation of net zero emissions and disruptive “ABCs” (ie artificial intelligence, big data, and cyber security). The combined revenue of the three major technical fields of data and network security will grow from US$386 billion in 2020 to US$625 billion in 2025.
(over)