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00:00DOUG JONES IS STAYING AWAY FROM U.S. STOCKS. LET ' S BRING IN JANET FROM JPMORGAN TO DISCUSS THIS. WHICH CAMP ARE YOU AND WITH THIS BACKDROP? > > WE ARE VERY POSITIVE ON ASIA. THE ECONOMIC BACKDROP IS STILL VERY HEALTHY AND ASIA. EARNINGS HAVE ALREADY STABILIZED AND WE ARE POISED TO GROW DOUBLE DIGITS NEXT YEAR. VALUATIONS ARE VERY ATTRACTIVE. IT IS A VERY COMPELLING MOBILE. SHERY: WE TALK ABOUT VALUATIONS BEING PRETTY CHEAP, BUT WE ARE SEEING A WEAKER YUAN. WOULDN ' T THAT MAKE IT CHEAPER? > > WE ARE STILL POSITIVE ON CHINA. IT SHOULD NOT BE A PROBLEM. IF YOU LOOK AT THE CORPORATE EARNINGS, WE HAVE SEEN THAT THEY ARE STILL REPORTING IN LINE. FINALLY, THE VALUATIONS ARE VERY ATTRACTIVE. WE DO HAVE EXPOSURE IN CHINA. SHERY: WHAT SECTORS ARE YOU LOOKING AT? > > EQUITY INCOME STRATEGY COME WE HAVE A FOCUS ON DATA AND VALUE. FOR THE UPSIDE OF THE VALUE, WE WOULD LIKE TO HAVE FINANCIALS FROM THE CURRENT ENVIRONMENT OF HIGH INTEREST RATES AND EXPENDING THAT INTEREST MARGIN. OVERALL, WE THINK THERE ARE A LOT OF OPPORTUNITIES IN ASIA. HAIDI: WE HAD A CONVERSATION ABOUT EMERGING MARKETS AND OPPORTUNITIES PRESENTED. THIS IS VERY WELL ATTUNED. TAKE A LISTEN TO WHAT HE HAD TO SAY ABOUT VALUATIONS. > > I DO NOT THINK THERE WILL BE A TRUE -- A TURNAROUND IN THE TRADE WAR BETWEEN THE U.S. AND CHINA YET. THERE ARE WINNERS AND LOSERS. IF YOU WANT TO LOOK FOR SIGNS, YOU PROBABLY WANT TO LOOK AT TURKEY, ARGENTINA -- THESE COUNTRIES THAT ARE REALLY BOMBED OUT. IT WOULD BE A SIGN THAT WE ARE NEARING THE END. HAIDI: AND ANOTHER PART OF THE CONVERSATION HE WAS TALKING ABOUT THERE ARE BARGAINS EVERYWHERE. THE THING IS, HOW MUCH WOULD YOU NEED TO GET IN RIGHT NOW, GIVEN THAT ANOTHER TURN IN THE TRADE WAR COULD RESUME SELLOFF? DO YOU THINK VALUATIONS ARE APPEALING ENOUGH TO GET IN NOW? > > TRADE TENSIONS DEFINITELY HAVE CAPTURED THE MARKET HEADLINES BUT THE SILVER LINING IS THAT WE HAVE BEEN TALKING ABOUT THAT FOR MONTHS ALREADY. ANY IMPACT SHOULD NOT BE THAT SIGNIFICANT. IF WE LOOK AT THE VALUATIONS, WE BELIEVE THAT THE CURRENT VALUATIONS ARE VERY NEGATIVE. HISTORY SUGGESTS THAT ON AVERAGE, WE STILL COULD GET VERY GOOD RETURNS. SHERY:

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'Very Positive' on Asia, Emerging Markets, JPMorgan Asset's Tsang Says

Janet Tsang, Asia-Pacific and emerging-markets investment specialist at JPMorgan Asset Management, shares her investment strategy. She speaks with Sophie Kamaruddin, Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Asia." (Source: Bloomberg)

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