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
Aug 2018
Market Snapshot
Market Snapshot

United States

  • US equities rose slightly in June with the S&P 500 Index rising by 0.62%. Positive economic news supported US equities, but the gains were hindered by the escalating trade war between the US and its major trading partners. President Trump imposed a 25% tariff on USD 50 billion worth of Chinese imports, threatened tariffs on a further USD 200 billion and moved to restrict Chinese investment in companies in certain sectors.
Source:
Aug 2018
Market Review
Market Review

Asia Pacific (ex. Japan)

Asia Pacific ex Japan equities declined in June amid fears that the US-China trade dispute could escalate into a global trade war. Weak economic data in China and expectations of faster-than-anticipated interest rate hikes by the US Fed also dampened investor sentiment. The US-North Korea summit, which focused on denuclearising the Korean peninsula, had a muted impact on stock markets.

Source:
Market Review
The trade disputes between the US and the rest of the world continued to make headlines
Aug 2018
The trade disputes between the US and the rest of the world continued to make headlines
The trade disputes between the US and the rest of the world continued to make headlines

United States

  • The US equity market ended June in positive territory despite lingering concerns over the impact of potential global trade restrictions. The US Federal Reserve raised interest rates in June for the second time this year, as expected. 
Source:
Aug 2018
Overview of markets in Q2 2018
Overview of markets in Q2 2018

Highlights:

  • Global equities made gains in a volatile second quarter, as resilient economic and earnings data vied with an unsettling geopolitical backdrop to establish the market's direction. Bond markets struggled despite risk aversion escalating late in the quarter, as policy tightening set the tone.
  • In the US, positive earnings momentum and supportive economic data outshone the China-US trade posturing to lift equities.
Source:
Overview of markets in Q2 2018
Global Economic Perspective
Aug 2018
Global Economic Perspective
Global Economic Perspective

In this issue:

  • US Economy's Fundamentals Remain Strong, but Potential Geopolitical Risks Are Increasing
  • Global Economy Still Has Positive Momentum, though More Market Volatility Likely
  • An End Date for ECB Bond Purchases Comes with a Significant Caveat

 

 

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.