MARKET VIEWS AND INSIGHTS
Access the latest news and articles about Manulife Asset Management Philippines.
| Video should be added here. |
Seeing Through New Eyes Never judge by just what you see. Manulife Asset Management has a network of investment offices throughout North America, Asia Pacific, and Europe with capabilities across a full range of asset classes. |
2019 OUTLOOK: THE YEAR OF THE PIG - WILL IT FLY?In the new year, we believe the headwinds that have battered the equity markets in 2018 may subside, with some actually turning into tailwinds. Emerging markets (EM), which bore the brunt of the global equity correction in 2018, may be poised for a rebound as its growth differential with Developed Markets widens. |
MARKET NOTE: UNCERTAINTY AND FLATTENING YIELD CURVE SPARK US MARKET CORRECTIONThe flattening yield curve (US Treasury) caught market attention and the US stock market adjusted sharply on Tuesday (US Time) − with the S&P 500 index tumbling more than 3%. In this market note, our investment teams from the US share their latest views. |
MARKET NOTE: CHINA AND THE US AGREE TO HALT NEW TARIFFS FOR 90 DAYSOn 1 December (Argentina Time), China and the US agreed to a ceasefire to keep their trade war from escalating with a promise to halt the imposition of new tariffs for 90 days. In this market note, Ronald Chan, Chief Investment Officer, Equities, Asia (Ex-Japan), believes the markets have probably seen the peak of trade frictions between the two countries. Markets and sectors that have been most impacted should react positively to the outcome in the near-term, in particular, China A-shares, North Asian bourses, and exporters. |
PORTFOLIO INSIGHTS: The compelling case for Asian fixed incomeAsia’s fixed income markets today offer investors compelling opportunities that were not available as recent as a decade ago. Indeed, investors are now not only holding sovereign and corporate bonds from developed economies such as Singapore and Korea, but also increasingly in emerging economies such as Indonesia and India. More importantly, China is fast emerging as a key player in the arena. |
WEALTHSTYLES: AMIDST THE VOLATILITY, SOME WORDS OF WISDOMVolatile markets are nothing new to investors, but there are ways to navigate them properly – learn from the experts and adopt the right mentality for overcoming investment bias. |
A MODERATION IN SINO-US TRADE RELATIONS EXPECTED AFTER US MID-TERM ELECTION RESULTSOn 6 November (US Time), the United States held mid-term elections. Various media reported that the Democrats won a majority of seats in the House of Representatives, while the Republicans maintained their majority in the US Senate. In this market note, Ronald Chan, Chief Investment Officer, Equities, Asia (Ex-Japan), gives his views on how the results of the US mid-term elections will affect the trajectory of US-China trade relations and Asian markets moving forward. |
MARKETS IN THE FALLGlobal equity markets fell in early October over interest rate concerns and continued macroeconomic headwinds. Volatility looks likely to continue, but: |
FURTHER THOUGHTS ON THE SELL-OFF IN US EQUITY MARKETSMarket volatility continues in October. A sell-off that started in early October deepened on Wednesday in US equity markets: the Nasdaq lost 4.4%, while the S&P500 was down 3.1%. In this market note, our global investment teams offer their views on this round of sell-off and the future market outlook. Our economists and macro strategists do not see the potential for a recession in the US in the near term. |
MARKET NOTE: OUR THOUGHTS ON THE LATEST GLOBAL MARKETS SELL-OFFOn 10 October 2018, US stocks suffered their worst fall since early February. The sell-off hit broader equity markets in Asia – bourses in Taiwan, South Korea and China registered deep losses on Thursday. |
PHILIPPINE ECONOMY TO BENEFIT FROM SYNCHRONIZED GLOBAL GROWTH MOMENTUMManulife Asset Management and Trust Corporation believes that the Philippines is well positioned to reap the benefits of synchronized global growth, and that it will continue to contribute to Asia’s growing economy in 2018. |
"TRADE TANTRUMS" WORRY INVESTORS. HOW SERIOUS ARE THEY?The recently announced US trade tariffs have raised global trade tensions and created some market uncertainty. We put the ongoing trade tensions in perspective, as we help investors navigate through market volatility.. |
INVESTMENT NOTE: IMPLICATIONS OF RECENT MARKET VOLATILITYGlobal economic data continues to impress: US consumer confidence and German business sentiment have hit new highs. China’s economy has stabilised, and after the successful 19th Party Congress and visit by US President Donald Trump, the country is focusing on upgrading the economy. |
MARKETS CONTINUE RALLY INTO THE NEW YEARSenior Asia Strategist Geoff Lewis examines the key issues that investors should follow in the new year. In particular, he looks at how historic tax reform in the US is likely to boost its economy and have a positive spill over for Asia. |
Positive economic data sets stage for 2018Global economic data continues to impress: US consumer confidence and German business sentiment have hit new highs. China’s economy has stabilised, and after the successful 19th Party Congress and visit by US President Donald Trump, the country is focusing on upgrading the economy. |
An “Indian Summer” for global markets!Global markets posted strong performance in September driven primarily by economic fundamentals, with developed markets (DM) taking the lead. China’s markets have performed well ahead of the upcoming 19th Communist Party Congress in October, with low levels of volatility. In this month’s Monthly Macro View, Geoff Lewis leads investors through the latest market developments. |
Fed announces exit from QE: Implications for EM and AsiaOn 20 September (US time), the Federal Reserve announced a gradual exit from quantitative easing policies adopted after the Global Financial Crisis. Geoff Lewis, Senior Asia Strategist, Manulife Asset Management believes that the Fed’s exit is a watershed moment, and one that will likely be successfully navigated. For Emerging Markets (EM) and Asia, the decision’s long-term impact should be muted, although there may be short-term hiccups. More importantly for investors, we believe a global base case of low growth, low inflation, and low rates over the next three to five years remains positive for EM and Asian equities and debt. |
Stock markets struggle but stay afloatIt’s been a challenging month defined by political tensions (with North Korea and within the US), and concerns around issues like potential quantitative easing tapering in Europe and a possible debt ceiling crisis in the US. But it’s not all been bad. The global economy remains strong with all 45 OECD-tracked countries set to grow this year. |
Will markets weaken in August?Will markets weaken in August? There are justified concerns surrounding the strong euro, global economic momentum peaking, and increased volatility on the horizon besides geopolitics and North Korea. Lewis believes the chance of a US market correction is increasing. Even if markets do cool significantly in August or September, it could prove a buying opportunity, as on a 12-month horizon emerging markets’ fundamentals still appear sound. |
Markets in June: A flat end to a stupendous first halfThe first half of 2017 has been kind to investors, to say the least; equity returns have far exceeded the modest expectations they held in January. |
India's equity valuations build on fundamentals and rising domestic equity savingsIndia's equity markets have registered strong performance as the NSE Nifty 50 Index ("Nifty") is up 24% year-to-date (USD), which outstrips both MSCI Asia and MSCI Emerging Markets. Valuations have increased along with the market's rise: the Nifty's current one year forward price to earnings (P/E) ratio is 16.5 times, about 10% higher than its 10 year median. |
Moody's downgrades China and Hong KongOn 24 May 2017, Moody's Investors Service (Moody's) downgraded China's long-term currency and foreign issuer ratings from Aa3 to A1 (stable outlook) In addition, Hong Kong's soverign rating was downgraded from Aa1 to Aa2 (stable outlook) on the following day. Overall, the price reaction was generally muted, as the downgrade was sidely expected by most market participants, whilst some investors took the opportunity to buy on dips. |
French Presidential Election: A Market-Friendly Outcome, But Issues RemainThe outcome of the French Presidential election will no doubt be greeted by investors with a sigh of relief. Emmanuel Macron, the market's preferred candidate, has won Sunday's vote. In this note, our Head of Europe, Autralasia and Far East (EAFE) Equities David Hussey examines if Mr. Macron's victory could put to bed lingering fears about the outlook for European equities. |
Comment on Fed Rate HikeMembers of the Federal Open Market Committee (FOMC) voted for 25 basis points rate hike, raising the target range for the federal funds rate (Fed’s benchmark rate) to “0.75% to 1%”. In this investment note, Manulife Asset Management Chief Economist Megan Greene examines why economic data justified a rate hike and its implications for the economy. |
Steady the ship, few surprises at China's NPC Work ReportChina's national legislature, the National People's Congress (NPC) held its annual meeting in Beijing on 5 March, the meeting will convene for roughly two weeks. For investors, one of the most important item is Premier Li Keqiang's Work Report (the Work Report). Although the Work Report did not provide any surprises, Manulife Asset Management Senior Asia Strategist Geoff Lewis thinks it crystalized numerous policies announced earlier: China’s economic transition toward consumption will continue, policy makers will continue to focus on economic stability, while doing more to manage long-term financial risks. |
India Union Budget 2017-2018 and RBI rate decisionOn 1 February 2017, India’s Finance Minister presented the government’s 2017-2018 Union Budget to parliament. The budget offers the government’s estimates of the country’s financial health and fiscal priorities for the upcoming year. On 8 February 2017, the Reserve Bank of India (RBI) announced it would keep interest rates on hold. In attached Investment Note— India Union Budget 2017-2018 and RBI rate decision, Manulife Asset Management’s India Equities Specialist Rana Gupta shares his latest views towards the two events. |
Unit Investment Trust Funds are NOT DEPOSIT products and are not insured by the Philippine Deposit Insurance Corporation (PDIC) or by Manulife Asset Management and Trust Corporation, its parent company or its affiliates. These products have no guaranteed returns/yields. The performances of the funds and their underlying securities are not guaranteed and the value of funds may fluctuate and could be less than the capital invested. Any loss/income arising from market fluctuations and price volatility, even if invested in government securities, is for the account of the client/investor. Past performance, when presented, is purely for reference purposes and is not indicative of similar future result. Manulife Asset Management and Trust Corporation is not liable for losses except for gross negligence, willful fraud or bad faith of its officers, employees, or authorized representatives. Prospective investors are advised to read the Declaration of Trust for the Fund, which may be obtained from the office of the Trustee, before proceeding with the investment.
Manulife Asset Management and Trust Corporation, its products and services are regulated and governed by the Bangko Sentral ng Pilipinas (BSP) with telephone number (02) 708-7087 and email address consumeraffairs@bsp.gov.ph. For inquiries or complaints relating to our products and services, you may call our Customer Care Hotline at (02) 884-7000 or send an email to phcustomercare@manulife.com. To know your rights under BSP Circular No. 857 (Regulations on Financial Consumer Protection), please access a copy at the BSP website (www.bsp.gov.ph).
Manulife, Manulife Asset Management, and Manulife Asset Management & Block Design are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.
Copyright © 2017, Manulife Asset Management. All rights reserved.
