SCB clients get 2020 market outlook insights

James Kon

Over 200 clients of Standard Chartered Bank (SCB) gained a better knowledge about this year’s market outlook during a seminar hosted by Standard Chartered Securities at Indera Kayangan Ballroom at The Empire Brunei recently.

A similar seminar was also held at the V-Plaza Hotel earlier this week for SCB clients in Kuala Belait.

CEO of Standard Chartered Securities Brenda Low in her welcoming remarks said, “We want to start 2020 with optimism. We remain on watch, should positive factors recede as 2020 matures. Despite being positive on risky assets given our expectations of a stabilised economic growth, these exposures should be taken within a balanced, well-diversified investment allocation.

“2019 was characterised as a tug-of-war between political conflicts and macroeconomic policy. After a year dominated by United States (US)-China trade tensions, fears of a hard Brexit and a global slowdown, which weighed on business sentiment, 2019 closed on a high note.

“As major central banks have already eased significantly, we believe they are likely to either leave policy as is, or possibly ease a little further.

CEO of Standard Chartered Securities Brenda Low and guests during the seminar. PHOTO: JAMES KON

“The focus is likely to shift to fiscal policy, where government spending in both major emerging and developed markets could turn increasingly supportive of growth. This will help equities outperform bonds.

“Our Global Investment Committee expects growth worldwide to stabilise around long-term trends and inflation to remain subdued.”

Global Investment Strategist from SCB Singapore Abhilash Narayan shared the new year’s outlook and insights on the market.

This was followed with a presentation by Vice President at BlackRock Singapore Chow Kok Fai on insights of selected BlackRock Funds.

Head of Portfolio Solutions from Neuberger Berman Alan Yip presented on the outlook on Neuberger Berman Funds.

Standard Chartered Securities offers the widest range of wealth products and advisory services. Potential investors are required to complete a client risk profiling assessment, to ensure that clients understand their risk appetite before taking up any wealth products.