The Contrarian Edge in Pan-Asian Equities

China's share of global exports continues to rise despite US import restrictions. Rather than pulling back, the country is evolving from a "Made in China" to a "Made by China" model, supplying critical capital goods and high-value components to emerging markets such as Vietnam, Mexico and India. And after dominating the electric vehicle supply chain, China is now aggressively targeting humanoids and robotics as its next frontier. Chetan Ahya, Chief Asia Economist at Morgan Stanley, joins host John Lee on the Asia Centric podcast to break down the five distinct factors driving this industrial strategy. He also discusses how policymakers have been effective in anticipating global demand trends, but also the investor risks tied to manufacturing overcapacity. See omnystudio.com/listener for privacy information.

Surviving the cutthroat world of hedge funds is notoriously difficult, with firms facing an average lifespan of just five years. Yet Singapore-based systematic quantitative fund Quantedge has defied those odds, recently celebrating its 20th anniversary and growing its assets under management from less than $3 million to $7.6 billion. Boasting an annualized return of 20.8% over two decades and a massive 49% gain year to date, the firm stands apart from multi-manager "pod shops" that prioritize stable, low-volatility returns. Suhaimi Zainul-Abidin, CEO of Quantedge, joins John Lee on the Asia Centric podcast to demystify the "black box" of quantitative investing. He discusses the advantages of running a major hedge fund out of Singapore versus New York or London, and what it really takes for job applicants to stand out at the firm. See omnystudio.com/listener for privacy information.

While global equities have surged on the AI boom, India's stock markets have languished. With concerns that the nation's large IT services sector is vulnerable to automation and job losses, critics have increasingly labeled India an "anti-AI" or "short-AI" trade. Santanu Sengupta, chief India economist at Goldman Sachs, joins John Lee on the Asia Centric podcast to challenge this bearish narrative. He explains why robust hiring at smaller tech firms and global capability centers is offsetting traditional software job losses. Sengupta also breaks down the drivers behind India's resilient economic growth despite higher energy prices and explains why the central bank may soon pivot to a hawkish tightening stance. See omnystudio.com/listener for privacy information.

Asia's private wealth industry continues to flourish. A Bloomberg Intelligence survey of 100 senior private bankers reveals widespread optimism for double-digit net new money growth, supported by mainland investors seeking diversification and emerging wealth from Southeast Asia and the Middle East. This comes despite new regulatory headwinds from Beijing, including tighter capital outflows and taxes on offshore trusts and insurance policies, which most surveyed expected will have only a mild impact on flows.

The global economy is structurally shifting from G7 dominance toward a G2 dynamic led by the US and China, yet international investors continue to shun Chinese risk assets. Even as China dominates global manufacturing output and expands its trade surplus toward $1.2 trillion, global capital remains heavily allocated toward developed markets. Are markets mispricing China's role in this new order? Bin Gao, CEO and co-CIO of Kaifeng Investment Management Hong Kong, joins John Lee on the Asia Centric podcast to unpack the G2 shift. Gao draws parallels to Japan's 1970s export boom, presenting a contrarian case for yuan appreciation while warning of an overvalued bubble in Japanese consumer stocks. See omnystudio.com/listener for privacy information.