Manulife IM Sees Lack of Risk Premium Across Most Risk Assets

The video discusses the lack of risk and term premiums in various asset classes, emphasizing the need for selective risk allocation. It highlights the US Treasury market's rate cuts and potential recession scenarios. The discussion shifts to China's economic outlook, noting the credit impulse and challenges like limited fiscal room and regulatory risks. The importance of monitoring the cost of capital and avoiding negative surprises is stressed.

What is a key concern in the US Treasury market according to the discussion?

• Excessive risk premiums

• High inflation rates

• Lack of investment opportunities

• Anticipated rate cuts

How is China's credit impulse described in the video?

• Increasing

• Stable and unchanging

• Decreasing slowly

• Declining rapidly

What has been a significant area of growth in China's economy?

• Agricultural exports

• Outbound tourism and overseas spending

• Technology sector

• Domestic manufacturing

What is a major challenge for local governments in China?

• Excessive fiscal surplus

• High unemployment rates

• Limited fiscal room for maneuver

• Overregulation of industries

What do overseas investors prefer when it comes to policy-making?

• Frequent changes

• Negative surprises

• Unpredictable policies

• Continuity and certainty