High Conviction: Investment Ideas & Themes (HICO)

Date:
9 Nov 2017
Time:
11:30am – 6:00pm onwards
Venue:
Mandarin Oriental, Singapore

Overview

Join the largest gathering of Asia-based fund selectors from the leading international private banks and their Asian counterparts to debate and explore 2018 future fund sales trends and investment themes with world-class fund houses, consultants researchers and thought leaders in Singapore.

Agenda

11:30am – 12:00pm Registration
12:00pm – 1:15pm Networking Lunch
1:15pm – 1:55pm Leaders Conversation Panel 1 | CIO House Views for 2018
Moderator:
Sebastian Enberg, Editor, Asian Private Banker
2pm – 2:30pm Workshop (breakout session 1)
2:35pm – 3:05pm Workshop (breakout session 2)
3:10pm – 3:45pm Networking Coffee
3:50pm – 4:20pm Workshop (breakout session 3)
4:25pm – 4:55pm Workshop (breakout session 4)
5:00pm – 5:55pm Leaders Conversation Panel 2 | Closing Asia’s equity gap
Moderator:
Richard Otsuki, Deputy Editor & Head of IPS Coverage, Asian Private Banker
6:00pm onwards Closing Champagne Dinner and Networking

Panel and Workshop Topic Details

Leaders Conversation Panel 1 | CIO House Views for 2018

Within global markets, valuations are high, yields are thin and volatility levels are unusually low. Simultaneously, uncertainty looms large and systemic risks remain regarding growth and geopolitics. Chief investment officers (CIOs) at private banks are being challenged on multiple fronts: the effectiveness of traditional asset allocation strategies is being called into question, while there is a pressing need to be more active on the tactical front to take advantage of short-term opportunities. Further complicating matters is the fact that Asian HNWIs continue to show home bias, effectively constraining CIOs to developing strategies with a local tilt.

At this juncture, what do CIOs have to say about markets, economies and asset allocation strategies in the region’s private banks? What are the leading structural themes that private banks are focused on? Are investors in Asia expected to continue be yield-focused and cash-rich?

Leaders Conversation Panel 2 | Closing Asia’s equity gap

Despite concerns about rich valuations, global equity markets continue to grind to new highs. However, Asian HNWI participation has, for the most part, light, with new inflows still significantly concentrated in fixed income and cash. At the same time, asset and wealth managers have made concerted efforts to promote various plays, ranging from low-volatility equity strategies to investments into emerging markets.

How are private banks utilising funds within their advisory business to boost equity exposure? What can the industry expect if and when volatility returns?

Workshop 1 | Diversifying Away from Asian High Yield to Hidden Gems Like Asian Local Currency and Asian Investment Grade

Market speculates the potential balance sheet reduction and rate hike by Federal Reserve may end the up cycle of bond markets. However, we believe the pace of balance sheet reduction will be gradual and its scale will be too small to have a meaningful impact, whereas expectation for rate hikes will be moderate. Against this backdrop, coupled with strong fundamentals and improving corporate earnings in Asia, we remain positive on regional bonds. However, instead of focusing mostly on Asian high yield, we will diversify more into Asian local currency and Asian investment grade, especially the new opportunity to invest in China’s onshore bond market through various channels like Bond Connect and Interbank Bond markets. Below are the 2018 investment trends we forecast:

1. Asia corporates: Decent carry + alpha opportunities
2. Asia local currency bonds: High real yield + currency appreciation
3. Investment grade: Regained traction
4. China onshore: Vast hunting space

Conversation catalyst:
Pheona Tsang, Head of Fixed Income, BEA Union Investment

Workshop 2 | How to seek cash+5% in a world of low numbers?

Investors are facing an increasingly turbulent global market environment in a world of tremendous change and disruption. After a nine-year bull market since the financial crisis and the rise of equity valuations, political uncertainties and secular trends all point to lower growth and returns. How can they continue to seek a steady investment return streams without having to move up the risk spectrum or venture into unfamiliar terrain? During this interactive session, Aberdeen Standard Investments will discuss how to seek cash+5% in the current low-return market environment. Specifically, we will unveil the key market themes and investment opportunities that are currently featured in Standard Life Investments’ award-winning multi-asset absolute return strategies. We will also share views on the plausible black swan scenarios and discuss approaches to mitigate potential drawdowns.

Conversation catalyst:
Dongyue Zhang, Investment Director, Multi-Asset & Macro Investing, Standard Life Investments

2017 Partners

 

Inquiries

PARTNERSHIP INQUIRIES

For further information, please contact: koye.s@asianprivatebanker.com