| LATEST RESEARCH REPORTS |
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Economic Update (Feb 2012)
Posted 01-Feb-2012
The Chinese economy expanded 8.9% y-o-y in Q4 11, just slightly lower than the 9.1% recorded in Q3 11...
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Asset Class Update (Feb 2012)
Posted 01-Feb-2012
Equities rallied in January, the first time since the September sell-off in September...
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Model Portfolio Update (Feb 2012)
Posted 01-Feb-2012
Equities were mostly up in the one-month period with the emerging markets outperforming developed markets...
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Capital Market Outlook 2012 (Jan 2012)
Posted 03-Jan-2012
2011 started in recovery mode, admittedly weak and unbalanced, but nonetheless there were growth prospects...
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Model Portfolio Update (Jan 2012)
Posted 03-Jan-2012
Equities were mostly up in the one-month period with the US market outperforming as the S&P 500 Index gained...
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Economic Update (Dec 2011)
Posted 01-Dec-2011
Previously, we wrote that property prices have been on the decline in China. This trend continued and accelerated in October...
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Asset Class Update (Dec 2011)
Posted 01-Dec-2011
Equities were mainly down in November and most indices are down on a year-to-date basis as we approach the year end...
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Model Portfolio Update (Dec 2011)
Posted 01-Dec-2011
Equities were mostly down in the one-month period against the backdrop of worsening Europe debt crisis and as the US Supercommittee...
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Economic Update (Nov 2011)
Posted 01-Nov-2011
The U.S. recovery appeared to be screeching to a halt in late summer, with some economists warning of a “double-dip” recession....
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Asset Class Update (Nov 2011)
Posted 01-Nov-2011
Although headlines continue to be almost uniformly bearish, sentiments are looking mixed at the moment. The latest AAII Sentiment....
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Market Insights: Thailand Flood - Effects and Opportunities
Posted 01-Nov-2011
In our previous report on Thailand, we highlighted that the implementation of Pheu Thai Party’s policy was a key to Thailand’s success....
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Model Portfolio Update (Nov 2011)
Posted 01-Nov-2011
Equities rallied following the decision in Europe to leverage the EFSF to 1 trillion and persuade bondholders to take a 50% loss on Greek....
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Economic Update (Oct 2011)
Posted 04-Oct-2011
As the title goes, September has been a month where leaders “scramble” to put policies together in an attempt to revive a weak...
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Asset Class Update (Oct 2011)
Posted 04-Oct-2011
“Significant downside risks” is the new reality in the stock markets today. The month of September was no better from August as...
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Fund Education: Constant Investing Avoids Pitfalls of Market Timing
Posted 04-Oct-2011
In a world without uncertainties, investing will simply encompass ‘buy low and sell high’. However, we are...
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Model Portfolio Update (Oct 2011)
Posted 04-Oct-2011
Equity markets continued the sell-off as uncertainties regarding the Europe debt crisis and global growth lingers. The MSCI World Index and MSCI AC Asia...
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Economic Update (Sept 2011)
Posted 05-Sept-2011
Recent actions in the market suggest that sentiments are mainly shifting towards the idea that another recession is imminent...
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Asset Class Update (Sept 2011)
Posted 05-Sept-2011
The financial world underwent three weeks of wild volatility as downside risks increased significantly. Fears of the European sovereign debt contagion to France, Spain and Italy sent global investors...
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Focus of the Month (Sept 2011): Base Metals – Cautious Times Ahead
Posted 05-Sept-2011
Following the post-recession recovery, global economy has been experiencing headwinds, especially amongst the developed nations...
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Model Portfolio Update (Sept 2011)
Posted 05-Sept-2011
Equity markets experienced sharp sell-off in the one month period after the downgrade of US by Standard and Poor’s, with the MSCI World Index and MSCI AC Asia Pacific...
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Market Insights: Equity Funds and Market – Assessing the Damage
Posted 19-Aug-2011
The ongoing Europe debt crisis and concern over slowing global growth have been hitting the headlines...
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Market Insights: Crashing Down, Singapore Government Bonds for Cover
Posted 08-Aug-2011
In what could be one of the worst sell-off since February 2009, U.S. stocks plunged close to 5 percent in a single trading...
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Economic Update (Aug 2011)
Posted 01-Aug-2011
Political events in the United States and Europe region have dominated price actions across asset markets over the past weeks...
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Asset Class Update (Aug 2011)
Posted 01-Aug-2011
The sovereign debt crisis in Europe took a temporary positive spin in the month of July following a new round of bailout on Greece...
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Focus of the Month (Aug 2011): Opportunities in Southeast Asia
Posted 01-Aug-2011
While global growth remains in tact, activities are slowing down temporarily and downside risks have increased...
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Model Portfolio Update (Aug 2011)
Posted 01-Aug-2011
While volatility continues to surround the market with the ongoing Europe debt crisis and US debt ceiling issue affecting...
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Market Insights: Implementation of Pheu Thai Party Policy – Key to Thailand’s Success
Posted 14-Jul-2011
Thailand has a history of political tension between the yellow and red shirts that are opposed to and supporters of...
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Market Insights: Ganbatte Japan
Posted 12-Jul-2011
Japanese stocks completed its longest winning streak since July 2009. The Nikkei 225 Index gained for seven straight days, closing at...
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Economic Update (Jul 2011)
Posted 04-Jul-2011
Prolonged external headwinds, sharper fiscal drag, falling home prices, faltering confidence and an equity market correction have sparked...
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Asset Class Update (Jul 2011)
Posted 04-Jul-2011
Perhaps the International Monetary Fund got it right when they mentioned about the ongoing market headwinds, highlighting a “greater-than...
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Focus of the Month (Jul 2011): Healthcare Industry In Uncertain Times
Posted 04-Jul-2011
Recent weaker economic data, coupled with the ongoing Europe debt crisis, lead a retracement in the equities market as the MSCI World Index fell...
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Model Portfolio Update (Jul 2011)
Posted 04-Jul-2011
Model portfolios were all down for the one-month period ending 22nd Jun 2011 with performance ranging from -1.72% to -0.96%. There...
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Gold Stocks or Gold Spot?
Posted 14-Jun-2011
Since the financial market turmoil in 2008 and 2009, investors are appreciating the role of gold in today’s sophisticated, computerized...
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QE2 – The Beginning (End) of The End (Beginning)?
Posted 01-Jun-2011
During periods of thriving economic expansion, data monitoring is less challenging as almost all of the data points in one direction. However...
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Model Portfolio Update (Jun 2011)
Posted 01-Jun-2011
Model portfolios were all down for the one-month period ending 25th May 2011 with performance ranging from -2.40% to -0.72%. There will be...
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Inflation and Fund Investing – 5 Key Ideas
Posted 23-May-2011
Rising global inflation is having profound effects on the macroeconomic environment today and investments for individuals. The...
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Economic Update (May 2011)
Posted 05-May-2011
China recently announced that real GDP growth advanced 9.7% y-o-y in 1Q11, which came in stronger than consensus forecast of 9.4% and hardly...
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Asset Class Update (May 2011)
Posted 05-May-2011
Global stock markets finished up strongly during the month of April. Korea had a strong rally, up almost 9.2 percent. In Indonesia, the Jakarta Composite...
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Model Portfolio Update (May 2011)
Posted 05-May-2011
Model Portfolios were all up for the month with performance ranging from 1.54% to 2.00% for the one-month period ending 26th Apr 2011...
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UT Fund Education - Currency Risk and Hedge
Posted 03-May-2011
Some unit trusts are available in more than one currency share class, and there is a general perception that investing in foreign currency funds means taking on...
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Inflation and Gold
Posted 03-May-2011
Inflation has been appearing on the headlines for many countries and is likely to persist in our view. For investors that are looking to maintain...
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The Global Inflation Story: Global Resources Equities
Posted 11-Apr-2011
The latest inflation rate numbers from Singapore, China and Great Britain may be hinting that the inflationary phenomenon may continue to pick...
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Economic Update (Apr 2011)
Posted 06-Apr-2011
The latest economic releases reinforced our view that US growth continues at a relatively healthy pace. Manufacturing is leading the way, with the Chicago Purchasing...
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Asset Class Update (Apr 2011)
Posted 06-Apr-2011
Global stock markets had a volatile month during the month of March, following Japan’s woes and unrest in the Middle East and Libya. The threat of disaster from...
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Focus of the Month (Apr 2011): Bonds Solutions Portfolio for Volatile Times
Posted 06-Apr-2011
“Uncertainty is the only certainty there is, and knowing how to live with insecurity is the only security,” by mathematics professor and author, John Allen Paulos, describes the...
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Model Portfolio Update (Apr 2011)
Posted 06-Apr-2011
Model Portfolios were mostly up for the month with performance ranging from 0.55% to 1.17% for the one-month period ending 25th Mar 2011. Bonds Solutions is up 1.21%...
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Market Insights: Japan Crisis - A Human Disaster But Not An Economic Disaster
Posted 23-Mar-2011
A 9.0 magnitude earthquake struck off Japan’s coast on Mar. 11 has left at least 21,000 people dead or missing. Since the earthquake struck, media reports have been...
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Market Insights: MENA Unrest and Its Implications
Posted 14-Mar-2011
The Middle East and North Africa (MENA) unrest started in Tunisia and has spread to other countries in the region such as Egypt, Libya, Bahrain and...
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Market Insights: Implications of ECB Rate Hike in April
Posted 08-Mar-2011
For the first time in more than 23 months, the record low 1 percent benchmark rate set by the European Central Bank (ECB) may be coming to an end...
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Economic Update (Mar 2011)
Posted 02-Mar-2011
Singapore Budget 2011 was announced on 18 Feb. During the speech, it was established that Singapore has rebounded well from the crisis. The strong growth last year was...
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Asset Class Update (Mar 2011)
Posted 02-Mar-2011
To the surprise of many, China’s Shanghai Composite Index emerged the top performing index for the month of February, up more than 6 percent...
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Focus of the Month (Mar 2011): Global Agribusiness
Posted 02-Mar-2011
This month we turn our attention to agriculture-related companies based on three reasons. Firstly, food inflation has been a key issue...
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Model Portfolio Update (Mar 2011)
Posted 02-Mar-2011
Model Portfolios were mostly down for the month with performance ranging from -1.43% to -3.01% for the one-month period ending 23rd Feb 2011...
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Economic Update (Feb 2011)
Posted 01-Feb-2011
We remain positive on the United States on the back of encouraging economic data. However, we do note that the weakness in the housing market could exert a toll...
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Asset Class Update (Feb 2011)
Posted 01-Feb-2011
China’s economy grew 10.3% last year, the fastest pace in three years, raising fears that the Chinese government would hike interest rates again to slow its growth and fend...
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Focus of the Month (Feb 2011): Asia Pac ex Jap Div. Stocks
Posted 01-Feb-2011
Dividend stocks generally refer to stocks that pay out significant and regular dividend payments. They provide investors with stable income and can work as a shelter...
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Model Portfolio Update (Feb 2011)
Posted 01-Feb-2011
Model Portfolios were mostly down for the month with performance ranging from -0.99% to 0.10% for the one-month period ending 26th Jan 2011. No changes were made...
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Market Analysis: Investment Outlook 2011
Posted 05-Jan-2011
The divergence between developed and developing economies that exists in 2010 is set to continue in 2011. The pace of growth for emerging countries will however...
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Market Analysis: Fund Houses Outlook 2011
Posted 05-Jan-2011
As investors try to identify the economic outlook and investment opportunities for the new year, we conducted a questionnaire with 10 fund houses and share with investors...
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Focus of the Month (Dec 2010): Asia Pac ex Jap Small Caps
Posted 01-Dec-2010
In its simplest form, small caps refer to stocks with a relatively small market capitalization. Depending on varying exchanges’ definition, small caps can be broadly defined as group of...
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Asset Class Update (Dec 2010)
Posted 01-Dec-2010
In November, equities witnessed slower growth as compared to the previous two months, with Hang Seng Index and Shanghai SE Composite being the laggard. On 16...
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Economic Update (Dec 2010)
Posted 01-Dec-2010
Of late, economic data is largely improving. The Institute for Supply Management (ISM) reported that its manufacturing index advanced in October to 56.9 from 54.4. Some...
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Focus of the Month (Nov 2010): China Equities
Posted 01-Nov-2010
Many would find it hard to argue against the growth story of China over the past few years had been fueled by a massive expansion of its money supply. Figures showed that over...
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Asset Class Update (Nov 2010)
Posted 01-Nov-2010
October continued the September’s brisk advance for the equity markets. We saw the U.S. S&P 500 Index gaining more than 5 percent for the month, closing on 18th Oct...
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Economic Update (Nov 2010)
Posted 01-Nov-2010
Economic data response - "Bad news is good news": After registering better than expected readings on most fronts in September; economic data was once again mixed in...
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PSPL Fund Flow: PhillipCapital Top 10 Selling Funds
Posted 29-Oct-2010
We looked into the Top 10 selling funds on our unit trust online platform to get a sense of what our investors are buying. Interestingly, we have two money market funds...
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Wealth Creation Concept: It’s All About Alpha Generation
Posted 15-Oct-2010
One of the key objectives of investing in actively-managed funds is the search for outperforming fund managers. Simply put, outperformance of funds can be measured by the...
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