The Chinese Manufacturing Index became bullish on the Yen
What is the Chinese Manufacturing Index factor?
The China Manufacturing Purchasing Managers’ Index measures the performance of over 400 private companies in China’s manufacturing sector. It is calculated by weighting five different metrics: New Orders, Output, Employment, Suppliers’ Delivery Times, and Stock of Items Purchased. Read more here.
What does this change mean?
This change means our AI platform is telling us that the Chinese Manufacturing Index factor is now supporting a more bullish outlook on the Yen. As such, any asset classes in our portfolios that contain the Yen will potentially go overweight (i.e. increase portfolio’s %) over the coming months.
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DISCLAIMER: The Responsive.AI Update does not constitute investment advice and is for information purposes only. Responsive Capital Management bares no liability for the usage of this data and the data is provided as is.
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