MJuly2,202409:31PMGMTFoundationAsiaQuantitativeStrategyAsiaPacificGlobalExposureGuide2024–EM/AsiaPacificThisisthe10theditionofourGlobalExposureGuidecovering1,700+stocksfromtheEmergingMarkets,AsiaPacific,andJapan.Hereweprovidethreethematicideas:1)EMportfoliowithhighUSrevenue,2)JPstockswithhighYensensitivity,and3)EMstockswithhighUSDsensitivity.MorganStanleydoesandseekstodobusinesswithcompaniescoveredinMorganStanleyResearch.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofMorganStanleyResearch.InvestorsshouldconsiderMorganStanleyResearchasonlyasinglefactorinmakingtheirinvestmentdecision.Foranalystcertificationandotherimportantdisclosures,refertotheDisclosureSection,locatedattheendofthisreport.+=Analystsemployedbynon-U.S.affiliatesarenotregisteredwithFINRA,maynotbeassociatedpersonsofthememberandmaynotbesubjecttoFINRArestrictionsoncommunicationswithasubjectcompany,publicappearancesandtradingsecuritiesheldbyaresearchanalystaccount.MFoundationOurnewinsightsthisyear:WeleveragedourrevenueexposuredataandexploredwaystotiltEMportfoliosexposuretowardstheUS.WefoundthatEMreturnscouldbeenhancedbyweightingstocksbytheirUSrevenueamount.WealsoflagcompanieswithJapan/Yenexposurefromrevenueandcostperspectives.Lastly,weflagEMstocksthataremoreexposedtoforeignrevenuethatmightbeaffect...
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