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John Paul Lech

Portfolio Manager, Matthews Asia

On-Demand Session 6: The Changing Dynamics of China and Emerging Markets Investing

 

As the only major economy with positive growth in 2020 according to the IMF, China is leading the way to a post-pandemic recovery. Home to some of the world’s largest equity and bond markets, Greater China now accounts for 53% of the MSCI Emerging Markets Index and continues to rise in importance within global portfolios, resulting from increasing China A-share inclusion in MSCI indices and vibrant IPO offerings. While global growth is slowing, many investors remain underexposed to the world’s second largest economy. Traditionally, investors have accessed China through global emerging markets or pan-Asian investment strategies; however, investors may want to consider a dedicated China allocation instead.

In this session, Matthews Asia Investment Strategist Andy Rothman and Portfolio Managers Winnie Chwang and John Paul Lech explore the reasons they believe investors should gain exposure to China and share their thoughts on:

  • The state of China’s economic recovery and outlook

  • U.S.-China relations under the Biden administration

  • Investment trends and sectors for growth prospects

  • Optimizing your China allocation through a broader emerging markets strategy or an all-China investment approach

Biography

John Paul Lech is a portfolio manager at Matthews Asia and manages the firm’s emerging markets equity strategy. Prior to joining the firm in 2018, he spent most of his 10 years at OppenheimerFunds (subsequently acquire by Invesco) as an analyst and portfolio manager on a diversified emerging market equity strategy. Lech started his career as an analyst and associate at Citigroup Global Markets, Inc. He earned both an MA and a BSFS from the Walsh School of Foreign Service at Georgetown University. He is fluent in Spanish and conversational in French and Portuguese.