Investing for a world of change

2021 to 2022: From the Year of the Ox to that of the Tiger

With the global economy slowly coming out of the quagmire past, can it now leap forward into the future. Michael Power, Strategist, in conversation with Nazmeera Moola, SA Head of Investments at Ninety One.

Oct 26, 2021

38 minutes

Michael Power
Nazmeera Moola
With the global economy slowly coming out of the quagmire past, can it now leap forward into the future. Michael Power, Strategist, in conversation with Nazmeera Moola, SA Head of Investments at Ninety One.

Fast view

  • After a 200 year-long ‘boomerang’, the global economic centre of gravity is returning to where it has been for 21 of the past 23 centuries: Asia.
  • Opening up to trade and joining the World Trade Organisation in 2001 helped remake the Chinese economy.
  • China has been the driving force behind the Regional Comprehensive Economic Partnership (RCEP). It is estimated that this region will account for around 50% of global GDP by 2030 – the RCEP is already the world’s largest free trade zone.
  • If history is any guide, where trade leads, capital eventually follows.
  • By 2030, the world’s three largest capital markets will likely be New York, London and Hong Kong. It will not necessarily be in that order as Hong Kong has already reached four times the share trading volumes of the volumes traded on London’s main exchange.

Authored by

Michael Power
Global Strategist
Nazmeera Moola
Head of SA Investments

Important information
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All the information in is believed to be reliable but may be inaccurate or incomplete. The views are those of the contributor at the time of publication and do not necessary reflect those of Ninety One.

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