EM Consumers Are Even Stronger Than in U.S., Says JPMorgan Asset Management’s Tsang

The video discusses the strength of the US consumer and its implications for global growth. It highlights the emerging markets (EM) as having stronger consumer bases, particularly in Asia, with a growing middle class. The EM growth outlook is positive, with potential benefits from a weakening US dollar. Investment strategies in EM focus on stocks with strong earnings growth and structural growth drivers, such as e-commerce and technology in Asia.

What is a key factor contributing to the strength of emerging market consumers compared to US consumers?

• Lower inflation rates

• Higher savings rates

• Growing middle class in Asia

• Stronger currency

How is the growth outlook for emerging markets expected to compare to that of the US?

• It will be slower

• It will be the same

• It will decline

• It will be higher

What effect does a weakening US dollar have on emerging markets?

• It creates a positive environment

• It strengthens the US economy

• It has no effect

• It creates a negative environment

Which sector is NOT mentioned as a promising area for investment in emerging markets?

• E-commerce

• Healthcare

• Technology

• Real estate

What structural factor is driving investment opportunities in Asia?

• Decreasing population

• High interest rates

• Political stability

• Emerging middle class