Global Macro… China Recent Economic Stimulus Timeline 30 Jun 2016 November 21st, 2014 – November 19th, 2015: The PBoC reduced the deposit rate by 150 bps, the lending rate by 165 bps, and the reserve requirement ratio by 50 bps…
Asset Allocation… Brexit: Major Implications and Asset Allocation Recommendation 27 Jun 2016 What Happened? Sterling weakened nearly 8%[1] on June 24, 2016 in the immediate aftermath of Brexit. Switzerland’s central bank gave a rare confirmation on June 24, 2016 that it had…
Asset Allocation… Key Macro Themes and the Implications: Time to Pay Attention to Global High Yield Strategy (II) 16 Jun 2016June 17, 2016 The economic recovery has morphed into a meaningful period of expansion. Growth expectations remain favorable. The U.S. consumers’ financial position has improved as asset values have risen. Consumer spending comprises…
Market Commentary… Market Commentary May 2016: The Financial Markets and Presidential Elections 14 Jun 2016June 14, 2016 Investors should be careful when making investment decisions based on expected election outcomes 投资者若结合总统选举结果而做投资决策的话,需格外谨慎 The stock market has generally performed well during presidential election years, particularly when the incumbent party…