MPF/ORSO
 
 

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
Sep 2018
Market Snapshot
Market Snapshot

United States

  • US equities rallied in July with the S&P higher by 3.6%. Positive economic data and continued earnings growth outweighed concerns over trade tensions. On a sector level, industrial companies led the advance, as they recovered from their underperformance the previous month. Financials and healthcare stocks also posted healthy gains. At the other end of the scale, real estate and energy stocks were lagging the broader market.
Source:
Sep 2018
Market Review
Market Review

Asia Pacific (ex. Japan)

Asia Pacific ex Japan equities advanced in July. Investor sentiment received a boost after the US and the EU reached a deal to ease trade barriers. However, concerns remain over trade frictions between the US and China. At a sector level, energy, utilities and materials were the key gainers. Conversely, the health care and consumer discretionary sectors declined.

Source:
Market Review
Global equity markets mount slight recovery in July
Sep 2018
Global equity markets mount slight recovery in July
Global equity markets mount slight recovery in July

United States

  • An unexpected trade agreement between the US and European Union boosted markets. The US economy recorded its strongest pace of growth since 2014 at 4.1%.
  • We continue to favor US equities, given the rise in federal government spending growth, strong business and consumer confidence, as well as the ongoing impact of last year's tax bill. 
Source:
Sep 2018
Overview of markets in July 2018
Overview of markets in July 2018

Highlights:

  • Equity markets were generally higher in July, with a busy corporate reporting period indicating strong earnings across a number of geographies and sectors.
  • In the US, the S&P 500 gained ground, buoyed by a slew of strong company results, ongoing strength in employment and resilient economic activity.
Source:
Overview of markets in July 2018
Global Economic Perspective
Sep 2018
Global Economic Perspective
Global Economic Perspective

In this issue:

  • Trade policies could US economy's positive growth prospects
  • US dollar strength and trade uncertainty adding to problems for some countries
  • ECB upbeat about growth outlook, but concerns on trade increasing

 

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 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.