Recession-resistant cash flows and a deleveraging balance sheet support decent yields up to 6+%.

We recommend investors hold on to their 5.375% perpetuals until the next call date in January 2027. Investors should not participate in this exercise.

FWD Group Holdings Limited is launching a new 5.75-year SGD subordinated bond at an initial price guidance of 3.55%. Here is our take on the new issue.

Perennial’s healthcare ramp-up offers longer-term upside, but weak cash flow, short maturities, high encumbrance and JV look-through leverage keep us selective.

We look at AIMS APAC REIT’s latest full-year results (FY2026) and provide an updated take on its outstanding SGD bonds.

As geopolitical tensions eased in 2Q26, investors rotated decisively from energy into AI, propelling semiconductor-focused funds to the top of the performance rankings. With the AI rally back in full swing, where are the best investment opportunities for 2H2026?

Carry led 1H26 bond fund returns, while Asian local-currency bonds lagged as higher local yields and weaker FX hurt performance.

Amova Short Term Bond Fund offers investors diversified short-term bond exposure, aiming to outperform SGD cash rates through a defensive portfolio.

In the latest edition of our Q&A Series, we shine the spotlight on one of the top-performing China equity funds that looks beyond the mega-caps. Read on to find out more!

The past 12 months have seen global technology equities stage one of the most powerful sector rallies. For investors who like a technology-focused fund with exposure across both Information Technology and Communication Services, Eastspring Global Technology Fund offers a compelling proposition.

Japan equities are seeing the highest inflows in 20 years. Improving economic fundamentals aside, the positive sentiment is being fuelled by cyclical tailwinds and structural reforms that are still in play. Despite the strong rally to date, the Eastspring Japan equity team believes that there is more room for upside.

Japan’s companies are among some of the most cash rich, globally. Equally, some of the most attractive developed market valuations are to be found in Japan. Investors willing to look beyond the economic headlines will discover a market of stocks that is attractive on many fronts.

Inflation has dominated front pages in recent months, with headline consumer price increases in the US reaching 40-year highs. While we don’t expect global inflation rates to remain at these record-breaking levels, we see several medium to long-term factors that should continue to place upward pressure on inflation.

The direct impact of the war in Ukraine seems to have been priced in for now, and equity markets had another relatively strong week. However, we are still cautious due to our expectations of slower growth as a result of high inflation, tightening financial conditions, and the squeeze on consumers.

While investors remain focused on Meta's surging AI spending, the company is quietly expanding its AI monetisation strategy through advertising, subscriptions and cloud services—a combination that the market have not fully priced in.

We initiate a BUY rating for Sea Limited with a target price of USD 135, supported by strong growth in its Digital Financial Services segment and near-term margin recovery potential.

ISOTeam is well positioned to benefit from Singapore's construction upcycle, supported by autonomous painting, the nationwide rollout of cool coatings, taller HDBs, a resilient orderbook, and improving margins.

The market is currently pricing Microsoft as though its AI investment cycle will permanently impair the company's profitability. In our view, investors are penalising Microsoft for taking a disciplined, long-term approach by allocating computing resources towards developing its own AI models instead of maximising short-term Azure revenue.

The upcoming closure of JUMBO's East Coast flagship—its founding site and contributor of approximately 14% of group revenue—creates a meaningful FY2027 earnings headwind. While new domestic initiatives and overseas expansion support a gradual recovery, the offset is backloaded, leaving limited upside at current level.

Markets sold off yesterday (23 June 2026), and we know many of you are concerned. South Korea’s KOSPI plunged nearly 10%, with circuit breakers triggered twice, and our VanEck Semiconductor ETF (SMH) fell sharply in sympathy with the broader semiconductor selloff. After SMH returned more than 140% over the past year, moves like this come with the territory. What matters is whether the long-term growth story has changed, and we don’t think it has.

When Apple says something has become “unavoidable,” the world pays attention. This week, CEO Tim Cook confirmed to the Wall Street Journal that the company will raise prices on its devices to offset surging memory chip costs. This tells you everything you need to know about the state of the global memory market, and why our conviction in the Global X Asia Semiconductor ETF has only deepened since we added it to your MAPS portfolios in April.

Markets have been volatile in 2026. Yet through all of it, your MAPS portfolios have delivered. Our Growth portfolios have returned as much as 9.2% year-to-date and up to 31.9% over the past 12 months, beating their benchmarks across every risk profile. These are not lucky outcomes. They are the product of deliberate positioning, active management, and the discipline to stay invested when others are tempted to panic. If you’ve been sitting on the sidelines, this is what you've been missing.

War in the Middle East. Oil above USD 110. A steep selloff in software stocks. 1Q26 threw a lot at investors, and yet our MAPS portfolios held their ground. Read on to learn how your portfolios performed, what drove returns, the changes we made in April, and how we have positioned your portfolios for what comes next.

We recently increased our Asia ex-Japan exposure from neutral to overweight and initiated a position in the Global X Asia Semiconductor ETF. The latest 1Q26 earnings from two of the ETF’s largest constituents — TSMC and SK Hynix — have validated that decision.

If you are unsure about how insurer credit ratings affect you, you are not alone. Already have a policy with a Singapore insurer? Find out what these ratings mean for you, and what to look out for when purchasing insurance coverage.

Visit our FSM Insurance booth at the FSM ETFest x Mid-Year Review Event to discover how you can optimise your insurance coverage and receive a complimentary "Grow Your Own Plant" Blind Box! No purchase required. *Terms and conditions apply.

Many Singaporeans set up a term life plan once — and never touch it again. Over time, premiums and new products change, so you could be paying more than you need to for the same type of protection. This article shows you how to assess whether you’re overpaying, how to right-size your coverage, and how to potentially save up to 53% a year simply by reviewing your term life plan. Plus, find out how to get up to 45% commission rebates on eligible policies when you insure with FSM Global.

Comparing Integrated Shield Plans for the April 2026 update? Discover our expert picks for the best private hospital plans based on your budget and needs.

Did you know your Integrated Shield Plan (IP) is meant to be the final safety net, not the first payer? Here’s what Last Payer Status means and how hospital bills should be correctly claimed.

After spending much of 2025 prioritising income, capital preservation and diversification, FSM Global investors broadened their focus in the second quarter of 2026. While income-generating investments remained well represented across the Top 10 rankings, investor interest increasingly shifted towards artificial intelligence (AI), semiconductors and regional growth opportunities, particularly in South Korea.

For many OFWs, saving in US dollars is already part of the plan. You work abroad, earn in foreign currency, send money home when needed, and keep part of your savings in USD for future goals.

For many Malaysians working in Singapore, life already runs across the border. Your salary comes in SGD, but family, spending, savings goals, and future plans may still sit partly in Malaysia.

If you live, work, and save in Indonesia, the Rupiah is naturally part of everyday life. You earn in Rupiah, spend in Rupiah, and may keep most of your savings in Rupiah too. But when exchange rates move sharply, it can be a useful reminder to review whether your savings are aligned with your future goals.