MPF/ORSO
                                                               
                                                               

                                                              Investment Views from Managers

                                                              BCT funds are managed by eight independent fund management companies. Their expert advice on the current market and investment tips will help you build a solid portfolio:

                                                              Market Snapshot
                                                              Nov 2019
                                                              Market Snapshot
                                                              Market Snapshot

                                                              United States

                                                              • US equities rose 3.63% in November, delivering the strongest monthly gains since June. All three main indices hit fresh highs amid hopes that the US and China would soon agree on "phase one" of a trade deal. Third-quarter company profits also beat forecasts, and robust merger-and-acquisition activity lifted sentiment...
                                                              Source:
                                                              Dec 2019
                                                              Market Review
                                                              Market Review

                                                              Asia Pacific (ex. Japan)

                                                              Asia Pacific ex Japan equities edged higher in November, supported by improved corporate earnings expectations in the region. At the sector level, consumer discretionary and health care stocks were the best performers. The...

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                                                              Market Review
                                                              Global Monthly Outlook
                                                              Nov 2019
                                                              Global Monthly Outlook
                                                              Global Monthly Outlook

                                                              United States

                                                              • The US equity market ended the month in positive territory after the US Federal Reserve (Fed) cut interest rates as expected and signalled that it was unlikely to move in either direction any time soon. Health care and technology sector are the best performer.
                                                              Source:
                                                              Nov 2019
                                                              Monthly markets review
                                                              Monthly markets review

                                                              Highlights:

                                                              • Global equity markets were broadly higher in November, with the exception of emerging markets, which struggled with a stronger US dollar. Government bond yields rose (meaning prices fell).
                                                              • US equities rose on hopes of a preliminary US and China trade deal. IT stocks performed well while less economically sensitive sectors – like utilities and real estate – were weaker.
                                                              Source:
                                                              Monthly markets review
                                                              Assessing Potential US Health Care Reforms Ahead of an Election Year
                                                              Dec 2019
                                                              Assessing Potential US Health Care Reforms Ahead of an Election Year
                                                              Assessing Potential US Health Care Reforms Ahead of an Election Year

                                                              In this issue:

                                                              Health care reforms are always a popular topic of discussion ahead of a US presidential election campaign, where politicians talk about proposed changes that can be very different than the current system. Although it's too early to predict how the November 2020 election will play out, Franklin Equity Group's Evan McCulloch discusses why we might see US legislation on drug pricing before then. ...

                                                               

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                                                              Some of the information contained herein including any expression of opinion or forecast has been obtained from or is based on sources believed by us to be reliable, but is not guaranteed and we do not warrant the adequacy, accuracy, reliability or completeness of such information obtained from or based on external sources. The information is given on the understanding that independent investment advice should be sought when making investment decisions; that it will not be relied on in the making of investment decision and that any person who acts upon it or otherwise changes his or her position in reliance thereon does so entirely at his or her own risk. This is not an offer to buy or sell or a solicitation or incitement of offer to buy or sell any securities referred to herein, save for BCT (MPF) Pro Choice and BCT (MPF) Industry Choice and their underlying constituent funds. It should also be appreciated that under certain circumstances the redemption of units/shares may be suspended. Investment involves, in particular, risks associated with investment in emerging and less developed markets. Please refer to the relevant prospectus for details. Past performance is not indicative of future performance.

                                                              Information contains on this webpage is for reference only. The views and opinions as expressed therein may vary as the market changes.