Asset Allocation

Low Risk Portfolio

A risk-averse portfolio that values capital preservation over gain.

For the risk-averse with stable returns. For a conservative portfolio in 2016, we prefer developed market government bonds amid expected further downside pressure on total returns for corporate bonds. In terms of equities, we see more value in stocks in the US and Asia Pacific ex-Japan over Europe and Japan.

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 Tactical Asset Allocation
Equities15.00%
US5.00%
Europe3.00%
Japan3.00%
Asia Pacific ex Japan4.00%
Emerging Markets ex Asia0.00%
Fixed Income35.00%
Developed Markets (DM)
35.00%
DM Government Bonds35.00%
DM Corporate Bonds0.00%
Emerging Markets (EM)
0.00%
Alternatives0.00%
Commodity0.00%
Gold0.00%
Hedge Funds0.00%
Cash50.00%

 

Tactical Asset Allocation

Asset Class3-Month Basis12-Month Basis
EquitiesUnderweightUnderweight
US EquitiesUnderweightUnderweight
Europe EquitiesUnderweightUnderweight
Japan EquitiesUnderweightUnderweight
Asia Pacific ex-Japan (APxJ) EquitiesOverweightNeutral
Emerging Market (EM) EquitiesOverweightNeutral
BondsNeutralNeutral
Developed Markets (DM) Bonds
NeutralNeutral
DM Government BondsNeutralNeutral
DM Corporate BondsNeutralNeutral
Emerging Markets (EM) Bonds
NeutralNeutral
AlternativesOverweightOverweight
CommoditiesNeutralNeutral
GoldOverweightOverweight
Hedge FundsOverweightOverweight
CashNeutralNeutral

Source: DBS CIO Office, Morningstar Investment Management Asia Limited, as of 29 September 2016

Remarks:

  1. Asset allocation does not ensure a profit or protect against market loss.
  2. Percentages denote actual tactical asset allocation weights for a 3-month time horizon.
Get In Touch

Call Us: (852) 3668 8008

Get In Touch

Call Us: (852) 3668 8008