J.P. Morgan Asset Management (JPMAM) believes Asian wealth investors should expect more volatility and uncertainty ahead, making the case for building a globally diversified portfolio more critical than ever. “We are starting to see a framework of what type of agreement we can expect with Asian economies, and arguably, for lots of the US trade partners,” Tai Hui, the firm’s […]

The post “Expect more volatility”: J.P. Morgan says going global is no longer optional appeared first on Asian Private Banker.

Markets are becoming increasingly desensitised to US President Donald Trump’s shifting tariff narratives, according to Asia-based asset managers, who advise clients to stay nimble as uncertainty surrounding US trade policy deepens. The uncertainty began on Monday when Trump extended the “Tariffs Day” deadline to 1 August 2025, warning key trading partners like Japan and South Korea of tariffs between 25% to […]

The post Markets desensitised to Trump’s latest “political theatre” – Asian fund managers 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, […]

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Trade war averted? Global markets have breathed a major sigh of relief after US President Donald Trump agreed to avert his planned plethora of tariffs on global trading partners for 90 days. Although China was the unlucky exception to that decision, with the president doubling down on sanctions on the world’s second-largest economy, upping tariffs on imports from the country […]

The post Trade war latest: PBs react after Trump’s tariff ‘capitulation’ appeared first on Asian Private Banker.

Japanese stocks have been on a roller coaster ride, to say the least, amid the economic chaos caused by US President Donald Trump’s looming global tariffs. The Nikkei 225 closed nearly 7% lower before bouncing back 4.7% on Tuesday as Japan emerged as the first major economy to secure priority tariff negotiations with the US. The index then fell nearly […]

The post Yen-joying the ride: Is Japan still a top trade for PBs after tariff sell-off? appeared first on Asian Private Banker.

Private banks and asset managers are setting their sights on safe-haven assets like gold and selective Asia markets after US President Donald Trump slapped a multitude of allies with hefty new tariffs. Markets were shaken in Asia on Thursday after Trump imposed significant new tariffs on a variety of countries and industries, in what had been billed as a ‘Liberation […]

The post Liberation Day: How J.P. Morgan and UBS are navigating Trump’s tariff salvo appeared first on Asian Private Banker.

UBS Global Wealth Management has increased its overweight to risk assets, adding a tactical overweight to emerging market equities. This followed the perceived reduction in downside risks going into 2020 after China and the US agreed “phase one” of a trade deal over the weekend. “Phase one” means that US will reduce the tariff rate on US$120 billion of Chinese […]

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Ahead of the G20 summit this week, Deutsche Bank Wealth Management has reiterated its stance for investors to reduce tactical equity exposure and recalibrate their portfolios as it expects no near-term consensus to emerge from the much-anticipated US-China meeting. “We would also suggest expanding the investment horizon in order to navigate short-term volatility and focus on long-term themes, such as […]

The post Deutsche Bank WM’s Tuan Huynh favours defensive plays ahead of G20 summit appeared first on Asian Private Banker.

This is a sponsored article from FinEX Asia Investment Limited. The start of 2019 has been troublesome with an ominous combination of factors threatening further market turbulence. The longest US government shutdown in history record has damaged livelihoods and dented market confidence; the arduous process of Brexit is approaching a chaotic endgame and spreading uncertainty across Europe; weakness in industrial […]

The post US Consumer Credit: Stable returns in an unstable investment universe appeared first on Asian Private Banker.

This is a sponsored article from State Street Global Advisors. Investors woke to a new year to find the bad dreams that haunted global markets in 2018 were still present — most notably uncertainties around trade disputes, the unsettling Brexit effect, and the prospect of softening US growth. Following four rate hikes in 2018, the US Federal Reserve (Fed) recently […]

The post Asian Bond Watch: Slowing growth and less hawkish US Fed shape investors’ dreams for 2019 appeared first on Asian Private Banker.

This is a sponsored article from State Street Global Advisors. Tighter monetary policy conditions in the US, trade conflicts, and political upheaval made 2018 a turbulent year for Asian and emerging markets with stocks, currencies, and bonds all coming under pressure. In November, however, sentiment improved with Asian assets posting a late-year recovery, raising the question of whether this trend […]

The post Asian Bond Watch: Winds of change blow through Asian markets as a less turbulent New Year dawns appeared first on Asian Private Banker.

This is a sponsored article from Aberdeen Standard Investments. Aberdeen Standard Investments’ Nicholas Yeo, director and head of equities, China/Hong Kong, discusses investing in China amidst trade tensions, the potential of China A-shares, and the asset manager’s investment philosophy. Nicholas, is it time to invest in China in spite of the potential trade war with the US? Why do you […]

The post China’s promising long-term prospects: Aberdeen Standards’ Nicholas Yeo appeared first on Asian Private Banker.

Welcome to Asian Private Banker’s latest CIO Weekly, a focused roundup of key views and comments from private banking CIOs on the state of global markets and macroeconomics. This week: J. Safra Sarasin shares its view on oil prices and emerging markets; Bank of Singapore comments on the European economy and the cancellation of Trump-Kim talks; UBS speaks on US-China […]

The post CIO Weekly – May 2018 Week 4 appeared first on Asian Private Banker.

UBS Wealth Management has revealed a trio of investment themes in Asia that are believed to be defensive or unaffected by ongoing trade tensions, according to today’s investment note. The three themes outlined are Singapore’s real estate sector, beneficiaries of inflation in Japan and ‘silver spending’. According to the bank, Asian investors are proactively looking for investment opportunities that are […]

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National People’s Congress (NPC) policies and a strong growth outlook are expected to boost the renminbi and Chinese stocks and bonds amid recent trade tensions, according to Credit Suisse (CS). The bank believes will that the trade tensions will not impact markets in any meaningful way, barring a full-blown trade war. “Despite potential risks, and near-term volatility, brought about by the […]

The post CS: NPC policies, strong growth outlook to boost Chinese assets appeared first on Asian Private Banker.

Trade tensions with the US will not derail China’s economy, as the country could ultimately isolate itself as a protective measure in order to avoid external turmoil, J. Safra Sarasin says. “A quick back-of-the-envelope calculation shows that the tariffs equate to about 10% of China’s trade surplus with the US. [This is] roughly equivalent to 0.4% of GDP,” the bank […]

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Bank of Singapore (BoS) is advising clients to stay flexible as trade tensions between China and the US escalate. The bank’s latest investment call to clients has come following President Trump’s latest tariffs announcements last Thursday. However, the bank’s senior investment strategist, James Cheo says the risks of a full-blown trade war between the two countries is highly unlikely. “The […]

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UBS Wealth Management is urging investors not to exaggerate the impact of rising trade tensions, as they won’t have any significant effect on the underlying economies. The Swiss bank’s latest call to clients has come after President Trump signed an executive order to impose tariffs on some US$60 billion worth of Chinese products on Thursday – a move that had led […]

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As the threat of a trade war increases, Bank of Singapore is seeking to manage potential risks by avoiding companies that are vulnerable to tariff threats. On 9 March, President Donald Trump provided further details about the trade tariffs that the US plan to enforce: 25% on steel imports and 10% on aluminium imports. The announcement drove up market concerns over […]

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The global trade outlook is heavily dependent on China’s response to recently imposed US tariffs, according to Credit Suisse, which forecasts a restrained response and advises investors to exploit the current weakness to add equity risk. Three response scenarios: symbolic, moderate and severe retaliation According to the Swiss major, a “symbolic retaliation” is the most likely response from China (at […]

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Donald Trump may have struck a more presidential and conciliatory tone in his most recent speech to Congress, but any softening in his protectionist rhetoric remains to be seen. Accordingly, DBS believes that the US would be better suited to avoid a trade war because it would be “the main loser in any scuffle”. “No one wants to see a trade war between […]

The post DBS: “[I]f you can’t win a trade war, you’re less likely to start one” appeared first on Asian Private Banker.

The relationship between the US and China, in the context of trade pacts and geopolitical tensions, is prompting investors to maintain more diversified portfolios to hedge the tail risks, says Pictet Wealth Management. “The risk of competition between the US and China escalating into a damaging confrontation should be of grave concern for markets,” says Dong Chen, senior Asia economist, Pictet […]

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Bank of Singapore, citing the potential of a trade war brought on by Trump’s “America first” vision, is underweight on overall equities. “From Asia’s perspective, free trade and regional security are both at risk,” said Richard Jerram, chief economic, Bank of Singapore in the bank’s latest research note. The bank believes that Trump, to deliver on his promises, will label […]

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