Asian EMs enjoy a supportive economic landscape with reasonable valuations: Deutsche

SINGAPORE (July 6): Deutsche Bank Wealth Management is retaining its “overweight” stance on emerging market (EM) equities, particularly Asia ex-Japan, as it deems the region’s economic landscape as supportive and its valuations reasonable.

In its strategic CIO view report for July 2017, Deutsche Bank’s global CIO, Christian Nolting, adds that the bank remains “overweight” on European equities as well, noting earnings per share (EPS) upgrades in the Eurozone as the region experiences positive earnings growth in most sectors.  

The bank remains “overweight” on German equities within Europe, and has also upgraded Japan back to “neutral” based on recent constructive company feedback as well as solid, improving company fundamentals.

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