Research and Insights
Articles by Billy Ho
"A" Opening to the Great WallResearch Report | Feb 6, 2014 |
This paper reviews the implications for global institutional investors of the recent developments in the China A-share market, which has expanded tremendously over the last two decades. Today, the Shanghai and Shenzhen stock exchanges have a total market capitalization of about USD 3.9 trillion dollars of which foreign participation accounts for just over 1% percent. Since the end of 2011, Chinese authorities have embarked on a series of efforts to accelerate the opening of the domestic...
The Next Generation of Global InvestorsResearch Report | Jul 23, 2013 |
The paper lays out the foundations and benefits of global investing, examining the topic from the perspective of investors in high growth countries. It demonstrates that a global equity framework can provide diversification and higher long-term risk-adjusted returns for investors from high growth countries who often hold home-biased equity portfolios that can have high concentration risk.
Built to Last - Two Decades of Wisdom on Emerging Markets AllocationsResearch Report | Oct 18, 2012 |
The last decade has seen a prolific increase in approaches to emerging markets investing. Broad emerging markets exposure is increasingly viewed as an integral part of a global equity allocation alongside developed markets. The acronym style of emerging markets investing has also come forth (including BRIC, N-11, CIVETS, MIST, etc.), seeking more targeted exposure within emerging markets. We explore this wide array of emerging markets mandate configurations and implementation options.