Asset Allocation

Conservative Portfolio

Capturing some capital growth with low risk exposure.

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 Bonds
35.00%
DM Corporate Bonds
0.00%
Emerging Markets (EM)0.00%
Alternatives0.00%
Commodity0.00%
Gold0.00%
Hedge Funds0.00%
Cash50.00%

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) 2961 2338

Get In Touch

Call Us: (852) 2961 2338