Our Long-Only strategies span Global, International ex US,
Emerging Market, Asian, Chinese, European and UK equities.
WorldWatch proposes several potential investment surprises for the year ahead.
With the Fed recently raising rates for the second time this year, we ask whether Emerging Markets are vulnerable to a tightening cycle in the US.
Oil prices and the dollar are stronger, US Treasury yields are rising, and several EM currencies have seen sharp sell-offs. Many investors are worried that these are warning signs of further distress to come across Emerging Markets. To assess these risks, we have spent the last two weeks travelling to some of the world’s biggest economic trouble spots. The trip has helped to reinforce our view that some countries undoubtedly face further volatility, but widespread systemic weakness across Emerging Markets is unlikely.
By Niall Paul
With consistent outperformance in the three years since Duncan Robertson took on primary responsibility for TT’s Asia Pacific ex-Japan strategy, we assess the investment opportunities within the asset class and explain how TT’s process seeks to exploit these opportunities.
TT International London
62 Threadneedle Street
London EC2R 8HP
Tel: +44 20 7509 1000
TT International New York
400 Madison Avenue
Tel: +1 212 303 9196
TT International Hong Kong
20/F, 18 On Lan Street
Tel: +852 3476 6000
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TERMS & CONDITIONS OF USE
In these Terms & Conditions of Use (these “Terms”), references to “you” and “your” are references to any person using or accessing (or attempting to use or access) this Website.
1. About TT International
This Website is operated by TT International (“TT”) and the information on this Website is issued by TT both inside and outside the United Kingdom. TT is a partnership with its head office at 62 Threadneedle Street, London EC2R 8HP. TT International is authorised and regulated by the Financial Conduct Authority of the United Kingdom (the “FCA”) and appears on the FCA Register with firm reference number 170435. TT is registered as an Investment Adviser with the U.S. Securities and Exchange Commission (SEC) and is registered as a Commodity Trading Adviser (CTA) and a Commodity Pool Operator with the U.S. National Futures Association (NFA). TT International (Hong Kong) Limited, which is a subsidiary of TT, is licensed by the Hong Kong Securities and Futures Commission (SFC) to provide services to "professional investors" defined in the Securities and Futures Ordinance and its subsidiary legislation.
2. About this Website
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(i) a general area which carries information about TT and investment strategies managed by TT as well as documentation that is specific to funds which are authorised in accordance with European Directive 2009/65/EC and offered by TT (the UCITS Funds).In these Terms, this area is referred to as the “General Area”; and
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The distribution of the information contained on this Website in certain jurisdictions may be restricted by law and persons who access it are required to inform themselves of, and to comply with, any such restrictions.
This Website, and the information contained on it, is directed only at persons in any jurisdiction or country where such access to, and use of, the information contained on this Website is not contrary to local law or regulation. The Funds referred to on this Website are not available, and prospectuses and other offering materials in respect of them will not be distributed, to any person resident in the territory of any jurisdiction where such distribution would be contrary to local law or regulation.
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The information contained on this Website is not intended to constitute, and should not be construed as, a personal recommendation or investment advice.
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The risk factors set out above are not complete and you must refer to the relevant offering documents with respect to the risks attaching to investment in individual Funds.
8. UCITS Funds
The UCITS Funds may be registered or otherwise approved for distribution to the public in one or more European jurisdictions. The fact of such a registration or approval, however, does not mean that any regulator has determined that such UCITS Fund is suitable for all investors. Investors should continue to consider the terms of investment in any such UCITS Fund carefully and seek professional investment advice before taking any decision to invest in a UCITS Fund.
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The information, except as otherwise stated, on this Website has been prepared, approved and issued by TT and the information and opinions contained on this Website have been compiled, or arrived at, in good faith and on the basis of publicly available information, internally developed data and sources believed to be reliable as at the date of publication. However, to the extent permitted by law, TT, its partners, employees, associates and affiliates hereby expressly exclude all conditions, warranties, representations and other terms which might otherwise be implied by statute, common law or the law of equity and any liability for any direct, indirect or consequential loss or damage of any kind incurred by any user in connection with this Website or in reliance on the information or opinions contained on it, or in connection with the use, inability to use, or results of the use of this Website or any websites linked to it or materials posted on it. This does not affect the liability of any person for any loss or damage which cannot be excluded or limited under applicable law.
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17. Data Protection and Privacy
TT collects certain personal information about you such as your name, address, telephone number, email address details and other information when it is voluntarily submitted to TT on this Website, including in connection with its registration procedures for access to the Private Area. TT uses this information to ensure compliance with its obligations under the UK regulatory regime, the General Data Protection Regulation, any other relevant data privacy regulations and for its own internal purposes.
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internal systems and to transfer it to its associates and affiliates, whether
inside or outside the European Union, for the purpose of providing services to
you. You should also be aware that the level of protection in relation to the
processing of personal data may not be the same in countries outside the
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use your personal information, please see the relevant Privacy Notice found
18. Law and Variation
This Website is established in England by TT in accordance with, and these Terms and any non-contractual obligations arising from or connected with them shall be governed by, English law and these Terms shall be construed in accordance with English law. A condition of using this Website is that in the event of any dispute or proceeding you irrevocably submit to the exclusive jurisdiction of the English Courts and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.
TT may revise these Terms at any time and the current version of these Terms may be viewed at any time through this Website, please see the Legal Notice. You are expected to review these Terms from time to time to take notice of any changes TT makes, as they are binding on you. If any provision of these Terms is held by any court or competent authority to be illegal, void, invalid or unenforceable under the laws of any jurisdiction, the legality, validity and enforceability of the remainder of these Terms in that jurisdiction shall not be affected and the legality, validity and enforceability of the whole of these Terms in any other jurisdictions shall not be affected.
Each time you use this Website, a condition of use is that you comply with these Terms.
19. Contact Us
You can contact TT at: T: +44 20 7509 1000, F: +44 20 7509 1289, or by email to email@example.com.
62 Threadneedle Street, London, EC2R 8HP, England
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