NEPC’s Phillip Nelson was quoted in a recent FundFire article emphasizing that investment consultants and asset managers are regaining confidence in emerging markets and China. View the article on FundFire’s site here.
Matthews Asia is wrestling with several years of persistent asset declines and staff turnover.
The emerging-market specialist, which is known for Asia-focused strategies, had $25.2 billion in firmwide discretionary assets at the end of 2021, according to its most recent Form ADV filing. The firm listed total assets as $13.2 billion at the end of February, a roughly 50% decline.
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“Investment consultants and asset managers are regaining confidence in emerging markets and China, in particular, which could benefit Matthews. NEPC made the reopening of China its 2023 theme.
“When we look at the last few months of 2022, we saw this big bounce in recovery,” said Phil Nelson, NEPC’s head of asset allocation, describing the rebound as “almost V-shaped”.
To seize that momentum, Matthews is emphasizing its 31-year history as an investor in the region and its recent diversification into emerging markets outside Asia.”
Read the full article on FundFire’s website here.