Investment Views from Managers
                                                               
                                                               

                                                              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
                                                              Aug 2021
                                                              Market Snapshot
                                                              Market Snapshot

                                                              United States

                                                              • US equities advanced strongly over the second quarter, helped by upbeat corporate earnings, with the start of 2021 proving to be one of the best quarters for earnings growth in a decade. The strength of the economy further boosted sentiment, as did massive fiscal stimuli, including a USD 6 trillion budget for fiscal year 2022.
                                                              Source:
                                                              Aug 2021
                                                              Market Review
                                                              Market Review
                                                              • China seems to have passed the peak tightening cycle; growth momentum has been moderated but we do not see risk of collapsing.
                                                              • Market generally expects the current inflation dynamic to be transitory, we are carefully watching any potential sources of persistent inflation, such as, wage growth and the housing market.
                                                              Source:
                                                              Market Review
                                                              2021 Mid-Year Investment Outlook
                                                              Aug 2021
                                                              2021 Mid-Year Investment Outlook
                                                              2021 Mid-Year Investment Outlook
                                                              • Where are we in the Cycle? 
                                                              • What's the direction of the economy?
                                                              • What are the policy implications?
                                                              Source:
                                                              Aug 2021
                                                              Markets review
                                                              Markets review

                                                              Highlights:

                                                              • Global equities advanced in Q2, supported by the accelerating roll-out of Covid-19 vaccines. Growth stocks outperformed more lowly valued parts of the market.
                                                              • Government bond yields saw divergent performance. US 10-year yields fell (meaning prices rose) while yields rose in Europe. Corporate bonds outperformed government bonds.
                                                              • Commodities gained with energy again the strongest component.
                                                              Source:
                                                              Markets review
                                                              Tech Opportunities Abound Amid Economic Reopening
                                                              Aug 2021
                                                              Tech Opportunities Abound Amid Economic Reopening
                                                              Tech Opportunities Abound Amid Economic Reopening

                                                              As more people are getting vaccinated and economic conditions return to normal, Franklin Equity Group’s Jonathan Curtis says the digital transformation themes that accelerated during the COVID-19 crisis are still just getting started. He still sees plenty of opportunities ahead in the technology sector, despite a recent falloff in investor interest in the first quarter.

                                                              Source:

                                                              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, BCT (MPF) Industry Choice, BCT Premier Pooled ORSO Retirement Plan 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.