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
Jan 2018
Market Snapshot
Market Snapshot

United States

  • US equities were the best performing market on a regional basis. In November, the S&P Index rose 2.1%,whilst small cap companies outperformed large cap companies on expectations that they would benefit the most from tax reform. In the beginning of November, President Trump announced Jerome Powell as his choice to succeed Janet Yellen in February 2018.
Source:
Jan 2018
Market Review
Market Review

Asia Pacific (ex. Japan)

Equities in Asia Pacific ex Japan rose marginally in November. Optimism towards global growth supported equities; however, geopolitical tensions surrounding North Korea led to volatility.

Source:
Market Review
Global equity markets reached historic highs in November
Jan 2018
Global equity markets reached historic highs in November
Global equity markets reached historic highs in November

United States

  • The US equity market ended November at near all-time highs amid optimism about economic growth and company earnings. S&P 500 reached the 2600 mark in the month.
  • Growth and technology stock are likely to continue to outperform. We favor large-caps over small-caps given the global growth pickup.
Source:
Jan 2018
Overview of markets in November 2017
Overview of markets in November 2017

Highlights:

  • Global equities gained in November in US dollar terms. Regional disparity was higher than in recent months with US stocks advancing while European stocks retreated.
  • US equities gained, supported by investor optimism that proposed tax reforms would improve corporate profitability.
Source:
Overview of markets in November 2017
Global Economic Perspective
Jan 2018
Global Economic Perspective
Global Economic Perspective

In this issue:

• Economic backdrop has remained supportive as Fed chair nomination suggests policy continuity
• Dovish Central Banks still main driver of markets despite solid global economic growth
• ECB maintains dovish stance as weak inflation offsets brighter economy

 

 

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.