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Q2 2021 global market outlook masthead

A Wave of Rotations

Saturday, 17 April 2021
Title Q2 2021 Global Market Outlook – A Wave of Rotation
Webinar Details Three months into 2021 and there are plenty of reasons for optimism about our near future.


The rollout of COVID-19 vaccines coupled with massive fiscal stimulus have raised expectations the economy will bounce back. The improving risk appetite has encouraged investors to rotate into riskier assets such as stocks. However, as expectations of inflation spiked, bond yields were driven higher leading to a surge in stock-market volatility.


So how can you best protect your investments and navigate the opportunities available from the wave of rotations?


Join investments experts to explore the following topics and many more

• Which regions/sectors will benefit from rotation-to-value?

• Should you continue to hold on to technology and growth stocks?

• What’s the outlook for inflation and the impact on asset classes?

• Should you be worried about rising interest rates and fixed income?

• Being ahead of post pandemic recovery, how would China’s bond and equity market react to tightening monetary conditions


Join the live Q&A session and get the investing insights you need to stay ahead of the curve in Q2 2021

Moderator Ng Shin Seong

Head, Investment Strategy and Advisory

Standard Chartered Bank Malaysia

Speaker(s) Manpreet Gill

Head, FICC & Investment Strategy
Standard Chartered Bank Singapore


Jonathan Curtis

Senior Vice President

Portfolio Manager & Research Analyst

Franklin Equity Group, United States


Stephen Kam

Head of Product Management

Asia ex-Japan Equities

Schroders, Hong Kong


Gabriel Wilson-Otto

Global Head

Sustainability Research

BNP Paribas Asset Management Hong Kong

Key Takeaways The shift in fiscal policy supports Value sector such financials, energy, materials and industrials and we think that Value may outperform Growth in the next 12 months. However, investors remain undeterred by the ongoing rotation from Growth to value sector as evidenced by the live poll conducted during the interactive live webinar. Ongoing digital transformation prompts continued optimism in performance in technology stocks.


1. Long term Digital Transformation justifies technology sector’s current valuation as growth opportunities in sub-sector remains attractive and sustainable.

2. Heightened volatility in Chinese equities due to concerns of changing regulatory environment and normalization of monetary policies are overdone and presents opportunities for investors to buy in at attractive valuations. As China targets to double its GDP by 2035, domestic consumption will key to its’ success. E-commerce is expected to play a key role and is expected to grow at double digit in the next 2 years.

3. The pandemic has brought immense focus on ESG practices. In particular, energy transition present immense opportunities for investors as economies race to net zero carbon emission. Electric vehicles (EV), Hydrogen and Renewable Energy has attracted record investment in 2020 and will continue to be structural investment focus areas the coming years.

Q2 2021 Global Market Outlook – A Wave of Rotation

To discuss the wave of rotations that is happening on the back of broadening economy recovery.