We believe it is possible to outperform the market over the medium-term by understanding global macro-economic trends, translating our analysis into active asset class and sector views, and building portfolios biased towards quality and minimising downside risk.

We do not believe in constraining portfolios to benchmarks, we prefer to target client objectives and measure risk in terms of potential loss rather than deviation from prescribed allocations. In the pursuit of enhanced risk adjusted returns we consider it equally, if not more important, to avoid investment pitfalls as it is to select attractive return opportunities.

Below are the latest updates on the markets from our Investment Desk.

December Monthly Commentary

December Monthly Commentary

Equity markets notched their best performance on record in November as investors cheered three, separate, COVID-19 vaccines which posted pleasing results in late-stage trials. Market participants were quick to price in a sharper economic recovery, with monetary and fiscal policy remaining ultra-easy and the vaccine providing hope for a quicker […]

Note from the CIO 10th November

Note from the CIO 10th November

US ELECTIONS WHAT HAS HAPPENED (IN CASE YOU HAVE BEEN LIVING UNDER A ROCK)? Joe Biden has won the US presidential election. The Senate will probably stay in Republican hands (all eyes are on Georgia for the results of the runoff in January). Biden had an ambitious agenda with regards […]

October Monthly Commentary

October Monthly Commentary

Risk assets ended October on the back foot, weighed down by news of renewed nationwide COVID-19 lockdowns across Europe and pre-US election jitters. Equity benchmarks in the developed world fell, led by weakness in Europe and the UK, however, emerging market stocks ended the month higher. US Treasuries and corporate […]

September Monthly Commentary

September Monthly Commentary

After five months of consecutive gains, the recovery in financial markets stalled in September. Initially profit taking in the technology sector led the market lower, but weakness spilled over across global risk markets as investors reflected on a list of growing concerns. The fiscal stimulus impasse in Washington, rising COVID-19 […]

Tree over spiral staircase at Fort Canning Park, Singapore

Q3 2020 Macro Outlook – Where Now For The Global Economy?

Financial markets have rallied since April, with investors growing more confident that economies will turn around quickly from the fallout caused by the pandemic. Their optimism has increased in recent weeks as various countries have started to ease lock-down restrictions and tentative signs of stabilisation have emerged. Daily activity trackers […]

Note from the CIO 17th June

Note from the CIO 17th June

Financial markets have rallied since April, with investors growing confident that economies will turn around quickly from the fallout from the pandemic. Their optimism has grown stronger in recent weeks as various countries have started to ease lockdown restrictions and tentative signs of stabilisation have emerged. Daily activity trackers from […]