Emerging Markets Lack Catalyst to Generate Sustained Recovery, Perpetual Says

The video discusses the current state of emerging markets, highlighting the lack of catalysts for recovery despite attractive valuations. It examines the roles of China and the US as key economic drivers, noting China's shift from stimulus to infrastructure investment and the US's rising interest rates and dollar strength. The discussion shifts to market risks, including trade wars and funding costs, suggesting a focus on domestic investments in the US due to its economic growth. However, global risks and valuation concerns remain significant.

What are the implications of China's current economic strategies on emerging market earnings?

What risks are associated with focusing on domestic investments in the U.S. market?