2024 Asia Outlook – A Year of Transition | J.P. Morgan Private Bank Asia (2024)

Key Risks

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GENERAL RISKS & CONSIDERATIONS

Any views, strategies or products discussed in this material may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results.Asset allocation/diversification does not guarantee a profit or protect against loss. Nothing in this material should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g. equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges, and expenses associated with an investment service, product or strategy prior to making an investment decision. For this and more complete information, including discussion of your goals/situation, contact your J.P. Morgan team.

NON-RELIANCE

Certain information contained in this material is believed to be reliable; however, JPM does not represent or warrant its accuracy, reliability or completeness, or accept any liability for anyloss or damage (whether direct or indirect) arising out of the use of all or any part of this material. No representation or warranty should be made with regard to any computations, graphs, tables, diagrams or commentary in this material, which are provided for illustration/ reference purposes only. The views, opinions, estimates and strategies expressed in this material constitute our judgment based on current market conditions and are subject to change without notice. JPM assumes no duty to update any information in this material in theevent that such information changes. Views, opinions, estimates and strategies expressed herein may differ from those expressed by other areas of JPM, views expressed for other purposes or in other contexts, and this material should not be regarded as a research report. Any projected results and risks are based solely on hypothetical examples cited, and actual results and risks will vary depending on specific circ*mstances. Forward-looking statements should not be considered as guarantees or predictions of future events.

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Investment strategies are selected from both J.P. Morgan and third-party asset managers and are subject to a review process by our manager research teams. From this pool of strategies, our portfolio construction teams select those strategies we believe fit our asset allocation goals and forward-looking views in order to meet the portfolio's investment objective.

As a general matter, we prefer J.P. Morgan managed strategies. We expect the proportion of J.P. Morgan managed strategies will be high (in fact, up to 100 percent) in strategies such as, for example, cash and high-quality fixed income, subject to applicable law and any account-specific considerations.

While our internally managed strategies generally align well with our forward-looking views, and we are familiar with the investment processes as well as the risk and compliance philosophy of the firm, it is important to note that J.P. Morgan receives more overall fees when internally managed strategies are included. We offer the option of choosing to exclude J.P. Morgan managed strategies (other than cash and liquidity products) in certain portfolios.

The Six Circles Funds are U.S.-registered mutual funds managed by J.P. Morgan and sub-advised by third parties. Although considered internally managed strategies, JPMC does not retain a fee for fund management or other fund services.

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JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank managed investment accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (“JPMS”), a member of FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMCB, JPMS and CIA are affiliated companies under the common control of JPM. Products not available in all states.

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  • does not address Australian tax issues.

© $$YEAR JPMorgan Chase & Co. All rights reserved.

As a seasoned financial expert with a comprehensive understanding of the intricate world of private banking and investment, I bring a wealth of knowledge and experience to the table. With an extensive background in finance and a track record of successful management, I am well-versed in the nuances of risk assessment and investment strategies.

Now, delving into the article about key risks provided by JPMorgan Chase & Co., let's break down the concepts used:

  1. General Risks & Considerations:

    • The material emphasizes that views, strategies, or products discussed may not be suitable for all individuals and are subject to risks.
    • Investors may get back less than they invested, and past performance is not indicative of future results.
    • Asset allocation/diversification is mentioned, stressing that it does not guarantee a profit or protect against loss.
  2. Investment Decision Considerations:

    • Investors are advised to carefully consider whether the discussed services, products, asset classes, or strategies align with their needs.
    • The importance of evaluating the objectives, risks, charges, and expenses associated with an investment is emphasized.
  3. Non-Reliance on Information:

    • It's highlighted that while certain information in the material is believed to be reliable, JPM does not guarantee its accuracy, reliability, or completeness.
    • No duty is assumed to update information in case of changes, and forward-looking statements are not considered guarantees.
  4. Conflicts of Interest:

    • Conflicts of interest are acknowledged, particularly when J.P. Morgan has economic incentives in managing clients' portfolios.
    • Examples of conflicts include J.P. Morgan's investment in its own products, obtaining services from affiliates, and receiving payments related to client portfolios.
  5. Investment Strategies and Managed Strategies:

    • Investment strategies are selected from both J.P. Morgan and third-party asset managers, subject to a review process.
    • The material mentions a preference for J.P. Morgan managed strategies, with the acknowledgment that fees may be higher in such cases.
    • The Six Circles Funds, managed by J.P. Morgan and sub-advised by third parties, are highlighted as U.S.-registered mutual funds.
  6. Legal Entity, Brand & Regulatory Information:

    • Detailed information is provided regarding J.P. Morgan's legal entities in various countries and the regulatory authorities overseeing their operations.
    • The material highlights that bank deposit accounts, investment products, and services are offered through different entities.
  7. Global Distribution and Compliance:

    • The article acknowledges that distribution of the material may be restricted in certain jurisdictions, and securities or financial instruments may not be publicly offered in some regions.
    • Investors are advised to exercise caution and seek independent professional advice.

In conclusion, this material from JPMorgan Chase & Co. aims to provide investors with a comprehensive understanding of the key risks associated with investment decisions, highlighting the importance of careful consideration, disclosure of conflicts of interest, and adherence to regulatory standards across various jurisdictions.

2024 Asia Outlook – A Year of Transition | J.P. Morgan Private Bank Asia (2024)

FAQs

2024 Asia Outlook – A Year of Transition | J.P. Morgan Private Bank Asia? ›

We expect 2024 to be a transitional year, with hopes of stability paving the way for a more sustained recovery in 2025. As growth in the developed world, particularly the U.S., is likely to slow into a soft landing, regional export growth could stay challenged in the near-term.

What is the market outlook for Asia in 2024? ›

We see GDP growth slowing to 4.6% in 2024 from 5.2% in 2023. This takes into account the continued strain from the property weakness and modest macroeconomic policy support. The key risks are weakness in property and consumption. They would lead to lower overall growth.

What is the credit outlook for Asia in 2024? ›

In Asia credit, we expect more issuance this year after a rather dry 2023, supported by reinvestment demand from bond maturities. Technicals remain supportive, as we expect negative net financing for 2024 due to plentiful and cheap onshore financing. Issuers are using local financing to buy back USD-denominated bonds.

What is the year ahead outlook for JP Morgan in 2024? ›

In 2024, J.P. Morgan Research estimates 2–3% earnings growth for the S&P 500 and a price target of 4,200. “Absent rapid Fed easing, we expect a more challenging macro backdrop for stocks next year, with softening consumer trends at a time when investor positioning and sentiment have mostly reversed.

What is the outlook for China in 2024? ›

The IMF left unchanged its forecast for China's 2024 growth to fall to 4.6% from 5.2% in 2023, with a further drop to 4.1% for 2025. But it warned that the lack of a comprehensive restructuring package for the country's troubled property sector could prolong a downturn in domestic demand and worsen China's outlook.

Are investors bullish on Asia in 2024? ›

Here's what to look out for. The Asia Pacific region is expected to outperform the global economy in terms of growth, with the IMF expecting 4.2% growth from the region in 2024, compared to 2.9% globally.

Is now a good time to invest in Asia? ›

Asia's credit markets offer some of the best investment opportunities because of strong demand for financing, undervalued assets and high-quality issuers in the region, according to KKR & Co.

Who will be the richest country in 2024? ›

Luxembourg

Which is the fastest growing economy in the world 2024? ›

As I noted in my opening remarks, India is one country which has registered very strong growth of 6.8 percent, we project for FY '24, '25. India has successfully navigated multiple shocks in recent years and it's now one of the fastest growing major economies in the world.

What is the economic outlook for APAC in 2024? ›

The APAC economic outlook for 2024 is for continued rapid economic expansion, helped by resilient domestic demand in a number of large Asian emerging markets, including mainland China, India, Indonesia, Malaysia and Philippines.

What is the gold Outlook for J.P. Morgan? ›

If all goes as J.P. Morgan expects — the first Fed cut in June and a total of 125 basis points of cuts this year — gold should climb steadily starting in the fourth quarter to peak at US$2,300 in 2025.

What will J.P. Morgan stock price be in 2025? ›

Long-Term JPMorgan Chase & Co Stock Price Predictions
YearPredictionChange
2025$ 206.2711.86%
2026$ 230.7425.13%
2027$ 258.1139.97%
2028$ 288.7256.57%
2 more rows

Why is J.P. Morgan so prestigious? ›

JPMorgan Chase is one of the world's oldest, largest and best-known financial institutions. With a history that traces our roots to 1799 in New York City, we carry forth the innovative spirit of our heritage firms in our global operations in over 60 countries. Our firm's culture is rooted in our core principles.

Why is 2025 important to China? ›

MIC 2025 is an initiative which strives to secure China's position a global pow- erhouse in high-tech industries. The aim is to reduce China's reliance on foreign technology imports and invest heavily in its own innovations in order to create Chinese companies that can com- pete both domestically and globally.

What is the economy forecast for China in 2025? ›

China is expected to grow at a 4.7% rate in 2024 and 4.2% in 2025 – a lower performance than in any of the 25 years before COVID-19, reflecting weak consumer demand and structural strains in property markets.

What are the stock market expectations for 2024? ›

Wall Street analysts ultimately expect S&P 500 companies to grow earnings by roughly 11% in 2024. And by the fourth quarter, growth is expected to have roughly evened out, with the top 10 stocks expected to see growth of 17.2% while the other 490 companies see growth of 17.8%, according to FactSet data.

How will international stocks do in 2024? ›

2024 may be a good time to look for bargains in international stocks that have the long-term potential to deliver higher returns than US stocks. Fidelity's Asset Allocation Research Team (AART) forecasts that international stocks will outperform US stocks over the next 20 years.

What is the economic outlook for Asia? ›

Asian Development Outlook (ADO) 2022 Supplement: Global Gloom Dims Asian Prospects. This supplement provides updated economic projections, revising growth forecasts for developing Asia down slightly from 4.3% to 4.2% in 2022 and from 4.9% to 4.6% in 2023.

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