Andrew Mattock - Matthews China Active ETF (MCH)

This episode features Andrew Mattock, Portfolio Manager at Matthews Asia, along with VettaFi’s Head of Research, Todd Rosenbluth, discussing the Matthews China Active ETF (MCH).

Emerging markets have bounced back to start 2023. According to Mattock, “the one big positive development, when it comes to emerging markets, that’s really China reopening coming out of what you would call dynamic zero COVID — which really did just cripple economic growth across the board in China.” Mattock sees the return to some degree of normalcy has the critical driver of the rebound in emerging markets. “I think it’s a huge positive, not just for China but for the rest of emerging markets,” he said, noting how much China’s economy fuels other emerging markets.

Mattock noted that the sunset of the pandemic is driving a host of trends that are pushing emerging economies toward recovery. International travel is picking up steam, and simple things like a broad return to restaurants and in-person dining has had a positive economic impacts. “Getting back to normal, I think, from a corporate earnings perspective feeds through to many, many parts of the Chinese economy.”