A respite in trade tensions between China and the US has sent positive signals to global financial markets. However, leading private banks and asset managers in Asia warn that China may now slow the rate of policy stimulus as trade talks improve. The US will reduce tariffs on Chinese goods from 145% to 30% while China will cut its post-2 […]

The post “A positive surprise”: Private banks eye US-China trade breakthrough with caution appeared first on Asian Private Banker.

Asia’s private wealth investors are reassessing their exposure to the US market as President Donald Trump marks his first 100 days in the White House, which has been largely characterised by his trade policies disrupting financial markets. “With almost daily developments, investors are justifiably spooked by how the proposed tariffs would weigh on economic growth, corporate earnings, and the USD, […]

The post Trump’s first 100 days: Asian U/HNWIs reassess US exposure amid uncertainty appeared first on Asian Private Banker.

Private banks are rapidly dialling back their expectations for interest rate cuts by early summer, with some big names on the street pushing back their forecasts for looser monetary conditions until later in the year amid resurgent inflationary pressures. Those calls come on the back of indications the US economy shows little signs of cooling down. Both the headline and […]

The post Has the door closed on summer rate cuts? These private banks think so appeared first on Asian Private Banker.

The Bank of Japan’s (BOJ) decision to end its negative interest rate policy is unlikely to stop the strong rally in Japanese equities, Bank of Singapore’s (BOS) chief economist has said. The Bank of Japan lifted its deposit rate from -0.10% and set its key interest rate at a range of 0.00% to 0.10%. Other measures included scrapping its yield […]

The post Bank of Singapore: BOJ rate hike unlikely to stop Japan’s equity rally appeared first on Asian Private Banker.

The global economic landscape is complex with change on the horizon. Bank of Singapore expects a recession in the US and is cautious of high inflation. The bank is positive on Japan, watchful on Europe, but its main concern is still China. In light of these views, the question is, how can wealthy investors create the best investment mix? Speaking […]

The post Market turmoil? Bank of Singapore may have the winning formula appeared first on Asian Private Banker.

This week: China’s stock rout reflects excessive pessimism: Bank of Singapore (BoS); Fed continues its hawkish stance: DWS and BoS  China investors should brace for more volatility: Bank of Singapore While Chinese stocks listed in Hong Kong have risen in the last two days, the Hang Seng Index last week dropped to its lowest level since the Global Financial Crisis (GFC), after the […]

The post CIO Weekly – China stock rout reflects excessive pessimism: Eli Lee of Bank of Singapore appeared first on Asian Private Banker.

This week: Why we like China and Southeast Asia: GSAM; Bank of Singapore forecasts more  earnings downgrade to come Why we like China and Southeast Asia: GSAM Though China is yet to resolve many of its most pressing social and economic challenges, Goldman Sachs Asset Management (GSAM) believes investors can expect economic momentum from the National Congress of the Chinese […]

The post CIO Weekly – Seek opportunities in China and Southeast Asia: Hiren Dasani of GSAM appeared first on Asian Private Banker.

The metaverse has become a hot topic with more companies jumping on its bandwagon. But with growing concern about data security and privacy issues, could the metaverse turn out to be nothing more than an “overhyped” concept? DBS, Bank of Singapore and HSBC Global Private Banking have been pushing the idea of the metaverse as a key investment theme for […]

The post Metaverse is not overhyped: Patrick Ho of HSBC GPB appeared first on Asian Private Banker.

Bank of Singapore has joined a growing chorus of private banks in the region that have highlighted the ‘metaverse’ as the investment theme that is set to shape 2022. However, investment strategists across the wealth industry differ on the most lucrative way to play the high-tech concept — where virtual reality and real-life merge in an immersive and interactive way. […]

The post Asia-Pacific PBs throw weight behind metaverse trend appeared first on Asian Private Banker.

In recent days, the whiff of inflation in global markets has become a full-blown stench of trouble to come. First came news that China’s factory-gate inflation hit a 26-year high in October. Even more troubling was confirmation that US consumer prices may be overheating, with the 6.2% YoY jump in October undermining hopes that price increases are transient. That fanned […]

The post Why private banks aren’t panicking over inflation appeared first on Asian Private Banker.

This week: Bank of Singapore: Chinese regulators aim to develop the domestic capital market infrastructure; Standard Chartered WM has renewed confidence in value investing; Citi Private Bank believes remaining overweight equities is wise Bank of Singapore: Chinese regulators aim to develop the domestic capital market infrastructure Worries over Chinese tech majors weighed on shares in Asia. The benchmark Hang Seng […]

The post CIO Weekly – Chinese regulators aim to develop the domestic capital market infrastructure: Eli Lee of Bank of Singapore appeared first on Asian Private Banker.

This week: VP Bank: Chinese bond market is too large to ignore; Standard Chartered WM: Equity markets transitioning to more sustainable pace of gains; Bank of Singapore: Pick selective opportunities in sectors that are reopening VP Bank: Chinese bond market is too large to ignore With markets viewing any interest-rate increases as a sign of an economic recovery, comments by […]

The post CIO Weekly – Compelling reasons to invest in Chinese bonds: Thomas Rupf of VP Bank appeared first on Asian Private Banker.

This week: Bank Julius Baer: Global investors will see Hong Kong as the NASDAQ of China; UBS Chief Investment Office: China’s broader stock market clouded by regulatory curbs on tech; Bank of Singapore: High-growth profitable firms likely resilient to regulatory ‘threats’ Bank Julius Baer: Global investors will see Hong Kong as the NASDAQ of China China’s carrot-and-stick approach to its […]

The post CIO Weekly – Global investors will see Hong Kong as the NASDAQ of China: Richard Tang of Bank Julius Baer appeared first on Asian Private Banker.

Asian U/HNWIs are cosying up to lending against collateral as a way to hedge against rising rates while positioning themselves to benefit from reflation, according to a senior executive at the manager of more than US$1.5 trillion in assets. “We’re seeing a confluence of positive factors from the brightening economic outlook, the tailwind for strong earnings and declining defaults that […]

The post Never to shy away from a bargain, Asian U/HNWIs pile into senior loans: Invesco appeared first on Asian Private Banker.

This week: Bank of Singapore: Clients have already started hedging against the possibility of inflation; UBS Chief Investment Office: No withdrawal of monetary easing anytime soon; BlackRock Investment Institute prefers taking risk in equities over credit from a “tactical” perspective Bank of Singapore: Clients have already started hedging against the possibility of inflation Worries about yields rising, at least on […]

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As the rising tide of an economic rebound ebbs, stock picking skills are likely to help differentiate the wheat from the chaff, according to the Bank of Singapore. Speaking at their Economic and Investment Outlook for the second half of 2021, Bank of Singapore’s Eli Lee said that we are entering a market that is “very much characterised by returns […]

The post As the rising tide of monetary stimulus ebbs, weak companies will be challenged: Bank of Singapore appeared first on Asian Private Banker.

Asia’s HNWIs have been pouring capital into equities over the past 12 months, while reassessing the once-dominant role of fixed income in their portfolios, according to data from analytics firm Canopy. Investment specialists at private banks agree with the finding and foresee the trend to last. As of April 2021, HNWIs’ allocation to equities and equity funds had climbed from […]

The post Equity exposure surges as HNWIs trim fixed income positions appeared first on Asian Private Banker.

This week: Harvest Global Investments: Global monetary, fiscal policies will be supportive of markets; PGIM: Markets will be bumpy for the next six to 12 months; Pictet Wealth Management: Market sceptical about Fed’s inflation policy; Federated Hermes: All HY markets back to pre-crisis levels; Bank of Singapore: High growth stocks typically face valuation headwinds; Standard Chartered Wealth Management: Bullish on […]

The post CIO Weekly – Featuring Thomas Kwan of Harvest Global Investments appeared first on Asian Private Banker.

This week: UOB Private Bank: Recommend overweight in equities to investors with a mixed-asset portfolio; Pictet Wealth Management: Firmer footing for economic recovery next year likely thanks to vaccine; BlackRock Investment Institute: Asia’s growth engine, private markets crucial for real diversification; Bank of Singapore: Important to separate investor noise from signals; Standard Chartered: Prospect of COVID-19 promising for value stocks […]

The post CIO Weekly – Featuring UOB Private Bank’s Neo Teng Hwee appeared first on Asian Private Banker.

This week: Indosuez Wealth Management: Expect volatility regardless of the outcome of the US elections; Bank of Singapore: Sufficient common ground between both US parties to enact relief aid package; BlackRock Investment Institute: Expect long-term yields to be capped under a Biden divided government; Pictet Wealth Management: Stronger restrictions on economic activity more likely with Biden win Indosuez Wealth Management: […]

The post CIO Weekly – Featuring Indosuez Wealth Management’s Arjan de Boer appeared first on Asian Private Banker.

This week: Pictet Wealth Management: Starting to buy EM, going short duration in bonds; Barings Investment Institute: Resurgence of populist politics putting a premium on domestic job creation over opening markets abroad; BlackRock Investment Institute: Downgrading US Treasuries to upgrade inflation-linked peers ahead of US election; StanChart PB: Market weakness an opportunity for investors to average into preferred assets; Bank […]

The post CIO Weekly – Featuring Pictet Wealth Management’s César Pérez Ruiz appeared first on Asian Private Banker.

A spike in COVID-19 cases in Europe and the US may have taken their toll on stocks globally, but the Bank of Singapore remains bullish on equity markets. Speaking at “The Next Inflection Point,” flagship wealth conference of the Bank of Singapore and OCBC Premier Private Client, executives said any dips in prices should be seen as opportunities to invest. […]

The post Keep calm and keep buying: Bank of Singapore appeared first on Asian Private Banker.

This week: Bank of Singapore: We will not be sellers in any episodes of volatility ahead of the market; Pictet Wealth Management: Revising up China GDP forecast for 2020; Standard Chartered Private Bank: Near-term volatility an opportunity to average into preferred risk assets; DB WM: Managed policy environment does not necessarily equate to non-volatile markets; Federated Hermes: Remain wary of […]

The post CIO Weekly – Featuring Bank of Singapore’s Eli Lee appeared first on Asian Private Banker.

The Fed’s emergency cut of interest rates by 1.0% to a new range of 0.0% — 0.25% on Sunday has considerably risen the odds of a technical recession, according to Eli Lee, Bank of Singapore’s head of investment strategy. The Fed’s action to “initiate a fresh programme of quantitative easing is clearly intended to calm financial markets and mitigate the […]

The post Investment managers interpret US Fed rate cut, positive on public equity and HY appeared first on Asian Private Banker.

On Thursday, global equity markets experienced another steep drawdown, with the US market trading down 9.5% in their worst day since the 1987 crash. There is no end in sight for the market rout triggered by COVID-19, contended UBS and Bank of Singapore. Both highlighted vast uncertainties and UBS advised on protective measures. “The equity markets have by now priced in […]

The post UBS, Bank of Singapore on how to navigate volatility appeared first on Asian Private Banker.

At Monday’s US market open, Wall Street suffered the greatest one-day loss since the 2008 financial crisis. While investors were gripped by a sell-off frenzy that caused heightened market volatility, Credit Suisse warned it is still too early to know whether the situation has created a trading opportunity. Very high volatility in the equity market is likely to persist in […]

The post Current market dislocations not yet a trading opportunity, PBs say appeared first on Asian Private Banker.

This week: Bank of Singapore: “Signs of complacency” begin to show; StanChart PB is rebuilding exposure via US and Europe equities; Deutsche Bank WM reduces allocation to Europe equities and EM bonds; Pictet Wealth Management is building up protection for portfolios; UBP expects rising volatility in the near term Bank of Singapore: “Signs of complacency” begin to show As signs of market complacency have begun […]

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The economy may still be in a delicate state, but investors should expect more upside of risk assets ahead, because the manufacturing sector is showing signs of bottoming out, according to Bank of Singapore. “The good news is that the manufacturing sector, which has led the downturn and suffered the brunt of the negative sentiment shock, is showing tentative signs […]

The post Stage increasingly set for a recovery in mid-2020: Bank of Singapore’s Eli Lee appeared first on Asian Private Banker.

This week: Standard Chartered Private Bank expects US equities to continue outperforming in the next 12 months; DBS, UBS GWM, Deutsche Bank WM, BNP Paribas WM, and Bank of Singapore react to the US midterm election results and discuss their potential effect on US equities; and Pictet WM believes economic data points to solid momentum in Japan’s economy. Standard Chartered […]

The post CIO Weekly – November 2018 Week 1 appeared first on Asian Private Banker.

The midterm elections resulted in a split Congress with the Democrats taking the House of Representatives, but CIOs at private banks expected the outcome and anticipate no immediate negative effects to markets, if any at all. Split in Congress was anticipated, fiscal spending now faces headwinds According to a note from UBS’s CIO office published immediately following the results, the […]

The post PB CIOs on US midterms: Split in Congress will not cause more short-term volatility appeared first on Asian Private Banker.