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Background  Every few years, a piece of academic research comes along that genuinely changes how thoughtful investors should think about markets. Professor Hendrik Bessembinder’s work is [...]

Executive Summary According to a recent Business Times survey conducted earlier this year, more than three in five Singaporeans still prefer to invest in property over stocks and bonds. Property [...]

Executive Summary May delivered strong global equity returns led by a return of technology and AI leadership. The S&P 500 reached a new all-time high, the Nasdaq posted its strongest monthly [...]

Having gone through multiple market crises together with our clients since 2001, we know what works and what will not work when it comes to the reliability and sufficiency of investment returns. [...]

Executive Summary February delivered mixed equity returns, with Asia and EM once again leading decisively while US equities were mixed. The MSCI All Country World IMI rose 1.58%, while the MSCI [...]

Executive Summary Recent strength in the Singapore equity market has understandably prompted investors to question whether globally diversified portfolios remain necessary, particularly after two [...]

In Singapore’s competitive financial landscape, where CPF savings, tax-advantaged schemes, and global market opportunities intersect, individual investors often seek more than just alpha [...]

In the past year, gold has captured headlines as one of the standout performers among global asset classes. After trading for much of the past decade below previous record highs, gold prices [...]

In managing in excess of S$1.7 billion worth of our clients’ assets, we know what works and what will not work when it comes to the reliability and sufficiency of investment returns. To share our [...]

Executive Summary  January delivered strong global equity returns, but with clear dispersion. Asia and Emerging Markets (EM) led decisively, while the US lagged amid elevated policy and [...]

With President Trump announcing the reciprocal tariff on 2 April 2025, and the S&P 500 index dropping over 10% in two days while other markets are behaving similarly, it is very clear that [...]

Note: This market review was penned on 7 April 2025. As of 10 April 2025, markets have risen by approximately 10%. However, given the ongoing volatility and uncertainty, we believe the [...]

Executive Summary  February was a challenging month for US stocks, as the uncertainty around how tariffs would affect businesses saw the S&P 500 pull back from its all-time high in the middle [...]

Executive Summary  In September 2024, the stock market marked its first positive month in five years, largely due to a 50-basis point rate cut from the Federal Reserve (Fed) and stimulus [...]

Question: How have the global events in recent years (e.g., Ukraine war, political instability, COVID-19, etc.) changed your investment outlook? Also, what are your thoughts on alternative assets [...]

This is a question we frequently hear from our clients. When investments aren’t performing as expected, it’s natural to wonder whether it’s time to cut your losses and reinvest [...]

We typically depend on research and data to do many things in the modern world, from medicine to engineering. Why should it be any different for investing? Using funds that are backed by research [...]