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DATE
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7 June 2022
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| Webinar Title | Is the tide turning for China? |
| Speaker | Dionne Cheung Associate Investment Director, Asia ex Japan Equities Schroders |
| Key Takeaways | 1. Regulatory concerns, lockdowns, and geopolitical tensions have caused severe drawdowns in Chinese equities since 2021.
2. Dionne opined that the tide is likely turning as evidenced by economic support measures announced by the Chinese government. 3. Stock valuations are at compelling levels after more than 15 months of decline and China is the only major economy that will ease monetary policy this year. 4. Principal Greater China Fund is currently overweight Financials in Hong Kong and Healthcare, Industrials, and Materials in China to benefit from the focus on high-tech manufacturing and consumers through “Common Prosperity”. |
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DATE
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8 June 2022
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|---|---|
| Webinar Title | Are bonds safe in a rate hike cycle? |
| Speaker | Esther Teo Head, Fixed Income Affin Hwang Asset Management |
| Key Takeaways | 1. Bonds have suffered from the worst correction in 40 years due to the rapidly changing rate hike expectations.
2. Esther opined that much of the potential rate hikes are already in the price and as the economy cools, bond prices could be more stable moving forward. 3. The extreme bearish investor sentiment is a contrarian indicator for long-term bond investors who intends to hold to maturity to lock in yields that are at attractive spreads. 4. Affin Hwang Select Bond is currently overweight IG over HY and maintains a higher level of cash & cash equivalent for deployment when opportunities arise. |
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DATE
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9 April 2022
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|---|---|
| Webinar Title | Will Asia stage a strong economic recovery? |
| Speaker | Vincent Chan Deputy CIO Fullerton Fund Management |
| Key Takeaways | 1. REITs, physical properties, and commodities-related equities are favoured assets to hedge against high inflation.
2. High-quality companies with stable dividend growth and strong free cash flows are preferred as Federal Reserve is unlikely to balance the conflict of high inflation, high debt levels, and asset bubbles. 3. Vincent opined that a balanced exposure of both fixed income and growth assets is necessary to deliver returns above inflation amidst the risk of stagflation. 4. Investors in Principal Heritage Income could consider switching to Balanced which is currently 65% in bonds and 35% in equities exposure if that is within investors’ risk appetite. |