Monthly Market Research
View the latest research and analyses on current market movements
Feb 2020 Research Report
The fast spreading COVID-19 reminds us of the importance to stay diversified. We recommend to stay vigilant, but not overreact.
Jan 2020 Research Report
Navigating a sea of uncertainty. Get ahead of 2020 with our latest market outlook and insights.
Mar 2020 Research Report
Global fears of COVID-19 triggered another round of risk aversion. We stress the importance of staying diversified and focus on building portfolio resilience.
Apr 2020 Research Report
The rapid spread of the Covid-19 pandemic and the severe containment measures had led to a sharper and faster than expected deterioration in global economy and markets.
May 2020 Research Report
Global equities staged a strong relief rally in April but is it too early to declare the worst is over?
Jun 2020 Research Report
Risk assets have rebounded strongly despite lacklustre global economic data, giving rise to a growing disconnect between market sentiment and macro fundamentals.
Jul 2020 Research Report
With the gradual re-opening of economies, a U-shaped recovery scenario will likely remain.
While the COVID-19 pandemic is not ending anytime soon, the fiscal and monetory supports provided by the governments will continue to serve as a backstop to prevent markets from re-testing the March-lows.
Aug 2020 Research Report
Major markets and asset classes witnessed solid gains over the past month.
The improving macro data, continuous development of COVID-19 vaccine, as well as the prospects of additional fiscal support lifted investor sentiments.
Sep 2020 Research Report
While we remain sanguine on the prospects of a gradual economic recovery, the journey may not be a smooth ride.
Taking into consideration ongoing geopolitical uncertainties, we remain selective in our exposure to risk assets and would caution against overly aggressive positioning of one's portfolio for a continuation of recent market trends.
Oct 2020 Research Report
While market volatility could rise in the near-term given the upcoming U.S. elections, it is an opportunity for investors to build exposure to benefit from the eventual growth normalisation.
Nov 2020 Research Report
As global growth grind higher, investors should look beyond the short-term uncertainties and opportunistically build exposure to benefit from the gradual economic recovery.