Strong Yuan Is Bullish Story for EM Stocks, CLSA's Mowat Says

The transcript discusses the impact of the renminbi's strength on emerging markets, highlighting its bullish implications. It explores investment strategies in Asia, focusing on China, Korea, and Taiwan, and the benefits of investing in tech and e-commerce sectors. The discussion also covers the high valuations of emerging market stocks, the changes in sector composition over the past decade, and the attractiveness of earnings yield compared to bond yields. The transcript concludes with an analysis of the growth potential of key tech stocks in Korea and Taiwan.

What is the significance of the shift in sector composition within emerging markets?

What factors are influencing the investment strategies in the current economic environment?

How do the earnings yields of equities compare to bond yields in the current market?