On August 14, Wellington Investment Management released the latest asset allocation outlook, believing that emerging market stock valuations are close to the best level in the past ten years. The agency said it continues to be optimistic that emerging market stocks will outperform European stocks and maintain a neutral view on US stocks and Japanese stocks. Specifically, Wellington Investment Management believes that the current environment still supports global equities, corporate profits continue to drive market performance, and liquidity and corporate fundamentals help offset the impact of geopolitical uncertainty. From a regional perspective, they are optimistic that emerging market stocks will outperform European stocks, and maintain a neutral view of US stocks and Japanese stocks. “We continue to oversell emerging market equities. Emerging markets are still our most promising region in the equity asset class, with valuations close to the most attractive levels of the past decade. The Asian tech industry continues to contribute most of the profit growth; at the same time, against the backdrop of continued deleveraging by Korean companies, we are still optimistic about artificial intelligence infrastructure. Looking ahead, we think there is still room for expansion in this round of gains, and commodity prices are also expected to benefit most of Latin America.” According to Wellington Investment Management.

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