Bloomberg Surveillance · Thursday, July 9, 2026
JP Morgan Asset Management sees opportunity in China as a cheaper way to play the AI story, given its less pronounced rally compared to other markets. The firm acknowledges China risk but views geopolitical risk as a feature of the current environment, emphasizing the need for balance. They are not heavily overweight China but are comfortable leaning into opportunities where they see a structural story.
“one part of em that is still kind of unloved is China. We see opportunity there because of the tech exposure. It's a cheaper way of playing the AI story because it just hasn't run as hard as say the careers of the world, are the hyperscalers, so on and so forth.”
“So you have to think about it. But I would argue that geopolitical risk is a feature and not a bug of the current environment.”
“And so, you know, are we massively overweight China in portfolios? No, but we're we see opportunity where we think that there's a structural story We're comfortable leaning in because we do think that over time, global equity markets rise together.”