Our annual flagship marquee event, “What & Where to Invest” saw 3 panelists from various fund houses present their takes on the new world we live in and what we can expect in 2012. For investors who were not able to attend the seminar, fret not for we've done up a brief summary of the key take-aways from each fund house's presentations.
1. DWS invesments
2012 - Where to from here?
• A bipolar global economy: Growth in Asia & Southern Hemisphere, Weakness in the West
• Stock markets to rise under high volatility
• Emerging markets to outperform
• Low interest rates to persist in the medium term
2. prudential asset management
Asia Pacific ex-japan equity outlook & strategy
• Asian economic growth to slow
• Earnings downgrades will bottom out
• Valuations are attractive, investor confidence will return
• Expect volatility in markets
3. aberdeen asset management
Bond investing in 2012 amidst uncertainty and risk
• Hard currency debt: spreads attractive but US Treasuries risk
• Local currency debt: should benefit from a prolonged lower interest rate environment
• Attractive entry levels for selected currencies following recent sell-off
• Emerging market & Asia represent a compelling "lower risk" investment opportunity compared to the developed markets
4. wong sui jau, FSM
positioning your portfolio for a volatile 2012
• Global Emerging Markets and Asia ex-Japan are favoured due to their higher levels of sustainable growth rates and low valuations
• High-yield bonds and emerging market debt offer more opportunities
• Overweight equities vis-a -vis fixed income as not much upside expected in fixed income generally
• Overweight global emerging markets and Asia ex-Japan equities
***Bonus!! We managed to kidnap our busy General Manager for a short 6 minute webcast: Wong Sui Jau's advice for investors with regards to Key Investment Themes for 2012 & Portfolio Allocations
While we are heartened by several experts sharing our house view on the attractiveness of equities (particularly Global Emerging Markets and Asia Ex Japan), opportunities in fixed income (Emerging Market Debt and High Yield), we note that many of them have cautioned on the expected continued volatility in 2012. We continue to advocate investors adopt a portfolio approach to investing to best position themselves for unforeseen events by reaping the benefits of diversification.
*Investors looking for reviews on the year gone by could view:
Top Funds Review 2011: South-East Asia Equity Funds Outperformed
2011 Sector Review: Defensive Sectors Outperformed!
Equity Market Review 2011: Only 2 Countries Survived The Drop!
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