BlackRock's Chan on Asia Market Strategy.

Watch on YouTube ↗  |  June 10, 2026 at 15:05  |  19:08  |  Bloomberg Markets
Speakers
Susan Chan — Head of Asia-Pacific, BlackRock

Summary

Susan Chan, Head of Asia Pacific at BlackRock, discusses the structural investment opportunities across Asia at Bloomberg Invest 2026 in Hong Kong. She highlights the underperformance of traditional 60/40 portfolios and the need to allocate to private markets, Asian credit, and income-generating active ETFs. Chan points to Korea, Taiwan, and China as attractive equity markets, sees Japan benefiting from the end of deflation, and notes continued demand for crypto and AI-downstream sectors like healthcare.

  • Traditional 60/40 portfolios are seen as insufficient, requiring holistic allocation including private markets.
  • Korea and Taiwan are undergoing structural shifts driven by AI, with Korea's EM weight rising sharply.
  • Japan is attracting interest due to the end of deflation, especially in private credit and infrastructure.
  • China equities are viewed as undervalued on a relative basis, with value set to play out.
  • Asian public credit is highlighted for its high yields and growth potential as secondary liquidity improves.
  • Hong Kong active ETFs offer over 20% monthly income, reflecting strong demand for yield.
  • AI theme is expected to move downstream, benefiting healthcare and biotech sectors.
  • BlackRock continues to see demand for crypto ETFs and is expanding access across Asia Pacific.
Ideas
Susan Chan Head of Asia-Pacific, BlackRock 2:10
Hong Kong income ETFs yield over 20%
Demand for income is strong in Asia, and active ETFs in Hong Kong are providing very high income (more than 20% monthly), representing a significant opportunity for investors seeking yield.
Hong Kong high-income ETFs MED
Susan Chan Head of Asia-Pacific, BlackRock 2:53
Asia ETF market set for explosive growth
Asia Pacific currently accounts for only a small portion of global ETF assets (north of $1 trillion out of $22 trillion), but its share of global AUM will grow to over 25% by 2030, and the region's capital markets have the potential to reach $10–20 trillion in ETF assets as countries focus on growth, presenting tremendous structural growth opportunity.
Asia Pacific ETFs MED
Susan Chan Head of Asia-Pacific, BlackRock 6:05
Crypto ETF demand remains strong
BlackRock has crypto ETFs and continues to see demand for them, working across region to bring capacity; Hong Kong is becoming a crypto hub, and tokenization initiatives support further adoption.
IBIT MED
Susan Chan Head of Asia-Pacific, BlackRock 6:52
Korea structural shift, AI driving leaders
Korea is experiencing a structural shift driven by AI, taking companies like Samsung and SK hynix to incredible levels; MSCI rebalance significantly increased Korea's weight in EM from 8.9% to 22%, a fundamental shift not expected to revert.
EWY 005930.KS 000660.KS HIGH
Susan Chan Head of Asia-Pacific, BlackRock 7:25
Taiwan structural shift, likely AI-driven
Taiwan is experiencing structural shifts that are not going to revert, similar to Korea, as part of the broader AI-driven transformation.
EWT LOW
Susan Chan Head of Asia-Pacific, BlackRock 7:25
Japan end of deflation draws interest
Japan is now a destination because of the end of deflation, generating a lot of interest, especially in private credit and infrastructure within the private market space.
EWJ MED
Susan Chan Head of Asia-Pacific, BlackRock 9:18
Private markets essential for future returns
Traditional 60/40 portfolio is underperforming and won't generate needed outcomes for the future due to demographic challenges; private markets are necessary for long-term returns, providing diversification and less dependence on short-term liquidity, with infrastructure allowing investment in country development; BlackRock has made acquisitions and firmly believes in building portfolios with these assets.
Private markets HIGH
Susan Chan Head of Asia-Pacific, BlackRock 14:04
China equities cheap, value play unfolding
After being under-invested and called uninvestable, China now has cheaper relative valuations and offers value; as mega forces of AI and 'Asia for Asia' themes play out, clients will look to these undervalued plays.
China equity market HIGH
Susan Chan Head of Asia-Pacific, BlackRock 14:52
Asian credit yields well, big opportunity
Asian credit yields very well, has traditionally had less focus mainly due to primary market activity, but there is tremendous opportunity as secondary liquidity develops; it is resilient and a great diversifier.
Asian credit MED
Susan Chan Head of Asia-Pacific, BlackRock 16:09
AI downstream: bullish healthcare, biotech
AI theme will continue but move downstream, benefiting other segments like healthcare and biotech as obvious sectors.
XLV XBI LOW
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This Bloomberg Markets video, published June 10, 2026, features Susan Chan discussing Hong Kong high-income ETFs, Asia Pacific ETFs, IBIT, EWY, 005930.KS, 000660.KS, EWT, EWJ, Private markets, China equity market, Asian credit, XLV, XBI. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Susan Chan  · Tickers: Hong Kong high-income ETFs, Asia Pacific ETFs, IBIT, EWY, 005930.KS, 000660.KS, EWT, EWJ, Private markets, China equity market, Asian credit, XLV, XBI