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.

Please refer to the Useful Links below for Disclaimer.

 Tactical Asset Allocation
Equities18.00%
US7.00%
Europe3.00%
Japan5.00%
Asia Pacific ex Japan2.00%
Emerging Markets ex Asia1.00%
Fixed Income32.00%
Developed Markets (DM)
32.00%
DM Government Bonds32.00%
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
EquitiesOverweightOverweight
US EquitiesOverweightNeutral
Europe EquitiesNeutralNeutral
Japan EquitiesOverweightOverweight
Asia Pacific ex-Japan (APxJ) EquitiesUnderweightNeutral
Emerging Market (EM) EquitiesUnderweightNeutral
BondsUnderweightUnderweight
Developed Markets (DM) Bonds
UnderweightUnderweight
DM Government BondsUnderweightUnderweight
DM Corporate BondsNeutralNeutral
Emerging Markets (EM) Bonds
UnderweightNeutral
AlternativesUnderweightOverweight
CommoditiesNeutralOverweight
GoldUnderweightNeutral
Hedge FundsUnderweightNeutral
CashNeutralNeutral

Source: DBS CIO Office, Morningstar Investment Management Asia Limited, as of 13 January 2017

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.
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Call Us: (852) 3668 8008

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Call Us: (852) 3668 8008

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