How different assets perform in an economic slowdown

(June 19): It appears that the US is entering the slowdown phase of the economic cycle. But what might that mean for returns across asset classes? And can a recession be avoided?

For the first time in two years, the Schroders US output gap model is signalling a change in the US business cycle. It suggests the economy is moving from “expansion” to “slowdown” (the other two stages in the cycle being “recession” and “recovery”).

A dividend bonanza is set to hit investors in Australia

SYDNEY (Feb 4): Australian investors are set to receive a boost in dividend payouts this month as companies rush to avoid a looming overhaul of tax rules if there’s a change of government.

2019 will be a banner year for private markets, says BlackRock

SINGAPORE (Jan 7): Private markets are set to become particularly popular this year as institutional investors turn to private markets to mitigate risks amid rising concerns about a downturn in the economic cycle.

Based on BlackRock’s annual survey of global institutions, over half (56%) of the fund manager’s clients stated that the possibility of the cycle turning as one of the most important macro risks influencing their rebalancing and asset allocation plans.

Once among Asia's highlights, Malaysian stocks now set for two-year low

SINGAPORE (Dec 18): Just months ago, Malaysian stocks were among Asia’s highlights. Now they’re heading for some of the biggest monthly losses in the region.

The nation filing criminal charges against Goldman Sachs Group Inc. for its role in the 1MDB scandal was the latest to hit the market, whose benchmark equity gauge is heading for a two-year low and its longest monthly losing streak in a decade. Adding to investor concerns are the slide in oil prices, government spending cuts and the ongoing trade tension between the U.S. and China.

3 reasons why tech is still in a secular uptrend

SINGAPORE (Apr 23): With FAANG (Facebook, Apple, Amazon, Netflix and Google) stocks retreating from their 2018 highs and tech valuations settling, how should global investors react?

In JP Morgan Asset Management’s view, the recent jitters can be thought of simply as “growing pains” of a tech sector that it still sees as being in a secular uptrend.

For the time being though, the asset manager favours US and emerging market (EM) equities, which it believes provide a positive tilt to the technology sector given their solid earnings outlook and strong growth momentum.

JP Morgan sees more volatility ahead but is cautiously optimistic

SINGAPORE (Apr 19): Strong global demand should continue to fuel capital expenditure spending and trade but growth momentum for the global economy is moderating, says JP Morgan Asset Management (JPMAM) in its market outlook for the second quarter of 2018.

Dr Jasslyn Yeo, Global Market Strategist at JPMAM, says: “We see a broadening growth recovery in 2018, with the developed markets of the US, Eurozone and Japan growing above trend, led by strong market demand fuelling capex and trade recovery.”

Will the crypto bubble burst this year?

SINGAPORE (Jan 19): The high volatility and performance displayed by cryptocurrencies in 2017 have made the ‘crypto bubble’ a most visible one, according to Saxo Bank’s chief economist and CIO, Steen Jakobsen.

The bank’s latest quarterly outlook turns its focus to bubbles, and covers the online multi-asset trading & investment specialist’s main asset classes: foreign exchange (forex), equities, commodities, bonds as well as a range of central macro themes.

Bulls in emerging markets may see its dream run in 2018 but it's going to be a bumpy ride

(Dec 27): Bulls will retain the upper hand in emerging markets next year, though some assets may face a bumpier ride than in 2017.

Bonds and equities in developing countries will continue to streak ahead, outpacing their developed-nation peers into next year, according to a Bloomberg survey of 20 investors, traders and strategists. Currencies, however, may struggle to stay in front. The survey was conducted Dec 5-14.

6 Asian equity picks for 2018: HSBC

SINGAPORE (Dec 8): HSBC is expecting the relatively robust cement demand recovery in Indonesia to continue into 2018, with the country’s utilisation set to rise even with sub-optimal property demand growth – while the dynamic random access memory (DRAM) industry could peak its return-on-equity (ROE) cycle in the year ahead.

Asia Pacific ex-Japan ETF & ETP investments grow 19.1% to hit US$154 bil in Sept

SINGAPORE (Oct 13): Assets invested in exchange-traded funds (ETFs) and exchange-traded products (ETPs) listed in Asia Pacific ex-Japan grew by 19.1% y-o-y to reach US$154 billion ($208.6 billion) by end Sept, according to the latest report from research and consultancy firm ETFGI.

Based on preliminary data from ETFGI’s September 2017 insights, this came from the region’s ETF/ETP industry of 1,153 ETFs/ETPs comprising 1,303 listings and assets of US$154 billion, from 122 providers listed on 17 exchanges across 14 countries.


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