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
                                                          May 2019
                                                          Market Snapshot
                                                          Market Snapshot

                                                          United States

                                                          • US equities retreated by -6.58% in May, recording its weakest monthly return this year. Heightened concerns over the US-China trade war once again raised fears of the impact on economic growth and company profits. The US administration’s decision to raise tariffs on USD...
                                                          Source:
                                                          Jun 2019
                                                          Market Review
                                                          Market Review

                                                          Asia Pacific (ex. Japan)

                                                          Asia Pacific ex Japan equities declined in May. The re-escalation of trade tensions between the US and China and decelerating earnings expectations for 2019 dampened investor confidence. All sectors ended...

                                                          Source:
                                                          Market Review
                                                          Global Monthly Outlook
                                                          Jun 2019
                                                          Global Monthly Outlook
                                                          Global Monthly Outlook

                                                          United States

                                                          • The US equity market ended the month in negative territory as it delivered its worst May returns in seven years and second-worst since the 1960s. A re-escalation of trade tensions between the US and China unnerved equity markets.
                                                          Source:
                                                          May 2019
                                                          Monthly markets review
                                                          Monthly markets review

                                                          Highlights:

                                                          • Global stock markets fell in May across all major regions. Investor nervousness over the outlook for global growth grew as US-China trade tensions ratcheted up. Government bond yields fell markedly (i.e. prices rose) amid a move towards perceived safe havens.
                                                          • US equities were significantly weaker. Concerns that the trade disputes will damage global demand weighed on the energy sector, with the tech sector also weaker.
                                                          Source:
                                                          Monthly markets review
                                                          Should Markets Heed Recession Warnings?
                                                          Jun 2019
                                                          Should Markets Heed Recession Warnings?
                                                          Should Markets Heed Recession Warnings?

                                                          In this issue:

                                                          Amid a renewed US-China trade spat and additional tariff tensions between the United States and Mexico, investor concerns about a possible recession have heightened, according to Ed Perks, executive vice president and chief investment officer, Franklin Templeton Multi-Asset Solutions. He discusses how ...

                                                           

                                                          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.