Annual Market Research
2019 Research Report
It is understandable that a bull run will eventually end and investors should be prepared when it happens.
We retain a preference for defensive positioning, especially when recent market moves reinforce our stance for building greater resilience into portfolios.
2020 Research Report
With lingering growth uncertainties still present in the markets we continue to focus on managing risks in 2020.
We continue to emphasise the importance of diversification and the role alternative investments could play in reducing overall portfolio volatility.
2021 Research Report
With global economy on the mend, we hold a constructive view on the investment outlook given the post-pandemic recovery and supportive monetary and fiscal policies around the world.
It also remains critical for investors to maintain a well-diversified portfolio to mitigate downside risks.
2022 Research Report
Stay invested with a diversified portfolio, as we expect further reopening of the economy to support global growth although the recalibration of monetary and fiscal policies could lead to market volatility from time to time.
2023 Research Report
We start the year with a defensive stance in our asset allocation while waiting for inflection point to turn more constructive.
The evolving macroeconomic landscape would require investors to stay nimble and reposition accordingly in order to rejuvenate portfolio returns.
2024 Research Report
Global growth is expected to slow but remain positive, thus lending support to risk assets. Still, the shifting macro expectations and geopolitical uncertainty will continue to drive market volatility.
The key is for investors to stay nimble and maintain a diversified core portfolio for resilient long-term returns.