Weekly Update (in SGD terms) · Brazil 60316.13 -2.6% 39.1% -13.3% -5.5% 59.4% -37.9% 11.62 17.9...
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Market 2-Dec-16 30-Nov-16 2016 2015 30-Nov-16 2016 2015 5 year PE PE PE PE Earnings Earnings Earnings Earnings Index Level Return MTD Returns YTD Returns Return MTD Returns YTD Returns Bd yield 2015 2016 2017 2018 Grth Yr15(%) Grth Yr16(%) Grth Yr17(%) Grth Yr18(%) MSCI World 412.25 -0.3% 3.2% -4.3% -1.1% 3.5% 2.4% 1.9 16.7 17.0 15.1 13.6 -6.1 -1.3 12.4 10.9 USA 2191.95 -0.3% 7.2% -0.7% -1.2% 7.5% 6.2% 1.82 18.6 18.4 16.5 14.8 -1.7 1.2 11.9 11.2 Europe (Stoxx 600) 339.36 -0.8% -7.2% 6.8% -0.9% -8.6% 2.6% -0.42 14.8 15.6 13.9 12.7 3.9 -5.3 12.0 10.2 Japan^ 18426.08 0.6% -3.2% 9.1% 0.2% 3.1% 15.7% -0.10 19.6 18.5 17.0 15.6 1.0 5.7 8.7 9.3 MSCI Emerging Markets 853.07 -1.1% 7.4% -17.0% -2.0% 7.7% -11.2% 4.3 13.1 13.4 11.7 10.4 -16.1 -2.0 14.5 12.6 MSCI Asia ex Jap 521.66 -0.9% 4.3% -11.3% -1.8% 4.6% -5.1% 2.4 12.9 13.9 12.3 11.1 -7.7 -6.7 12.5 11.3 Singapore 2919.37 0.5% 1.3% -14.3% 0.5% 1.3% -14.3% 1.85 12.8 14.1 13.4 12.7 -1.0 -8.7 4.6 6.0 Hong Kong 22564.82 -1.0% 3.0% -7.2% -1.8% 3.2% -0.6% 1.00 11.2 12.5 11.4 10.3 -5.0 -10.3 9.5 10.7 Taiwan 9189.49 -0.6% 10.2% -10.4% -1.3% 14.0% -7.9% 0.88 14.2 14.8 13.2 12.3 2.0 -4.1 11.8 7.4 Korea 1970.61 -0.6% 0.5% 2.4% -0.6% 1.8% 2.0% 1.99 12.8 11.4 10.0 9.1 6.2 12.2 14.4 9.0 China (HSML100)* 6595.81 -0.4% 1.7% -10.6% -1.2% 1.9% -4.3% 2.82 9.6 10.5 9.4 8.5 -7.8 -8.3 11.3 10.6 Shanghai A (SHCOMP) 3243.84 -0.2% -8.3% 9.4% -0.8% -13.3% 12.0% 2.82 13.7 15.5 13.6 12.1 -0.1 -11.6 13.6 13.1 China A (CSI 300) 3528.95 -0.3% -5.4% 5.6% -0.8% -10.5% 8.1% 2.82 13.9 14.9 13.2 11.8 5.9 -6.6 12.9 12.4 Malaysia 1628.96 0.6% -3.8% -3.9% 0.0% -6.8% -16.4% 3.90 16.0 16.4 15.2 14.4 -3.8 -2.4 7.5 5.9 Thailand 1501.66 -0.6% 16.6% -14.0% -1.1% 18.6% -16.0% 2.21 16.4 15.6 14.1 12.7 -1.5 5.2 10.7 11.5 India^ 26230.66 -1.6% 0.4% -5.0% -1.7% -2.0% -3.0% 6.22 18.9 17.9 14.4 12.2 -8.3 5.2 24.2 18.8 Indonesia 5245.96 1.9% 14.2% -12.1% 2.0% 18.1% -15.8% 7.91 20.3 17.3 14.5 12.9 -12.1 17.1 19.5 12.7 Russia# 1050.21 2.1% 38.7% -4.3% 1.2% 39.3% 2.5% 8.67 8.7 7.2 6.5 5.7 -26.9 21.1 11.3 14.4 Brazil 60316.13 -2.6% 39.1% -13.3% -5.5% 59.4% -37.9% 11.62 17.9 15.6 12.8 10.3 -19.5 14.5 22.2 23.3 * Mainland Companies - Hang Seng Mainland 100 Index is a market capitalization weight index that comprise both H-share companies and red-chip stocks listed in main board of SEHK and including in HSCI index. The index is the benchmark of all China Mainland stock performance in Hong Kong ^ For Japan and India, their financial reporting year ends during the month of March # Russia benchmark index - RTSI$ is denominated in USD. However, 5 years bond yields are based on RUB denomiated sorveriegn bonds as there are no USD denominated bonds. We acknowledge and accept the difference based on the assumption that while USD denominated share prices are not trading at a premium or discount to RUB denominated share prices (for the same company stock), there should be no significant difference in tracking Russia equity index in either RUB or USD Source: Bloomberg, iFAST Estimates and Compilations Local Currency SGD -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% MSCI AC World USA Europe (Stoxx 600) Japan MSCI Emerging Markets MSCI Asia ex Jap Singapore Hong Kong Taiwan Korea China (HSML100)* China (SH-A) China (CSI300) Malaysia Thailand India Indonesia Russia Brazil WTI Crude Oil Gold Weekly Update (in SGD terms) %change since 25-Nov-2016
Transcript of Weekly Update (in SGD terms) · Brazil 60316.13 -2.6% 39.1% -13.3% -5.5% 59.4% -37.9% 11.62 17.9...
Market 2-Dec-16 30-Nov-16 2016 2015 30-Nov-16 2016 2015 5 year PE PE PE PE Earnings Earnings Earnings Earnings
Index Level Return MTD Returns YTD Returns Return MTD Returns YTD Returns Bd yield 2015 2016 2017 2018 Grth Yr15(%) Grth Yr16(%) Grth Yr17(%) Grth Yr18(%)
MSCI World 412.25 -0.3% 3.2% -4.3% -1.1% 3.5% 2.4% 1.9 16.7 17.0 15.1 13.6 -6.1 -1.3 12.4 10.9
USA 2191.95 -0.3% 7.2% -0.7% -1.2% 7.5% 6.2% 1.82 18.6 18.4 16.5 14.8 -1.7 1.2 11.9 11.2
Europe (Stoxx 600) 339.36 -0.8% -7.2% 6.8% -0.9% -8.6% 2.6% -0.42 14.8 15.6 13.9 12.7 3.9 -5.3 12.0 10.2
Japan^ 18426.08 0.6% -3.2% 9.1% 0.2% 3.1% 15.7% -0.10 19.6 18.5 17.0 15.6 1.0 5.7 8.7 9.3
MSCI Emerging Markets 853.07 -1.1% 7.4% -17.0% -2.0% 7.7% -11.2% 4.3 13.1 13.4 11.7 10.4 -16.1 -2.0 14.5 12.6
MSCI Asia ex Jap 521.66 -0.9% 4.3% -11.3% -1.8% 4.6% -5.1% 2.4 12.9 13.9 12.3 11.1 -7.7 -6.7 12.5 11.3
Singapore 2919.37 0.5% 1.3% -14.3% 0.5% 1.3% -14.3% 1.85 12.8 14.1 13.4 12.7 -1.0 -8.7 4.6 6.0
Hong Kong 22564.82 -1.0% 3.0% -7.2% -1.8% 3.2% -0.6% 1.00 11.2 12.5 11.4 10.3 -5.0 -10.3 9.5 10.7
Taiwan 9189.49 -0.6% 10.2% -10.4% -1.3% 14.0% -7.9% 0.88 14.2 14.8 13.2 12.3 2.0 -4.1 11.8 7.4
Korea 1970.61 -0.6% 0.5% 2.4% -0.6% 1.8% 2.0% 1.99 12.8 11.4 10.0 9.1 6.2 12.2 14.4 9.0
China (HSML100)* 6595.81 -0.4% 1.7% -10.6% -1.2% 1.9% -4.3% 2.82 9.6 10.5 9.4 8.5 -7.8 -8.3 11.3 10.6
Shanghai A (SHCOMP) 3243.84 -0.2% -8.3% 9.4% -0.8% -13.3% 12.0% 2.82 13.7 15.5 13.6 12.1 -0.1 -11.6 13.6 13.1
China A (CSI 300) 3528.95 -0.3% -5.4% 5.6% -0.8% -10.5% 8.1% 2.82 13.9 14.9 13.2 11.8 5.9 -6.6 12.9 12.4
Malaysia 1628.96 0.6% -3.8% -3.9% 0.0% -6.8% -16.4% 3.90 16.0 16.4 15.2 14.4 -3.8 -2.4 7.5 5.9
Thailand 1501.66 -0.6% 16.6% -14.0% -1.1% 18.6% -16.0% 2.21 16.4 15.6 14.1 12.7 -1.5 5.2 10.7 11.5
India^ 26230.66 -1.6% 0.4% -5.0% -1.7% -2.0% -3.0% 6.22 18.9 17.9 14.4 12.2 -8.3 5.2 24.2 18.8
Indonesia 5245.96 1.9% 14.2% -12.1% 2.0% 18.1% -15.8% 7.91 20.3 17.3 14.5 12.9 -12.1 17.1 19.5 12.7
Russia# 1050.21 2.1% 38.7% -4.3% 1.2% 39.3% 2.5% 8.67 8.7 7.2 6.5 5.7 -26.9 21.1 11.3 14.4
Brazil 60316.13 -2.6% 39.1% -13.3% -5.5% 59.4% -37.9% 11.62 17.9 15.6 12.8 10.3 -19.5 14.5 22.2 23.3
* Mainland Companies - Hang Seng Mainland 100 Index is a market capitalization weight index that comprise both H-share companies and red-chip
stocks listed in main board of SEHK and including in HSCI index. The index is the benchmark of all China Mainland stock performance in Hong Kong
^ For Japan and India, their financial reporting year ends during the month of March
# Russia benchmark index - RTSI$ is denominated in USD. However, 5 years bond yields are based on RUB denomiated sorveriegn bonds as there are no USD denominated bonds.
We acknowledge and accept the difference based on the assumption that while USD denominated share prices are not trading at a premium or discount to RUB denominated
share prices (for the same company stock), there should be no significant difference in tracking Russia equity index in either RUB or USD
Source: Bloomberg, iFAST Estimates and Compilations
Local Currency SGD
-6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0%
MSCI AC WorldUSA
Europe (Stoxx 600)Japan
MSCI Emerging MarketsMSCI Asia ex Jap
SingaporeHong Kong
TaiwanKorea
China (HSML100)*China (SH-A)
China (CSI300)MalaysiaThailand
IndiaIndonesia
RussiaBrazil
WTI Crude OilGold
Weekly Update (in SGD terms)
%change since 25-Nov-2016
DISCLAIMER: THIS REPORT IS NOT TO BE CONSTRUED AS AN OFFER OR SOLICITATION FOR THE SUBSCRIPTION, PURCHASE OR SALE OF ANY FUND. NO INVESTMENT DECISION SHOULD BE TAKEN WITHOUT FIRST VIEWING A FUND'S PROSPECTUS. ANY ADVICE HEREIN
IS MADE ON A GENERAL BASIS AND DOES NOT TAKE INTO ACCOUNT THE SPECIFIC INVESTMENT OBJECTIVES OF THE SPECIFIC PERSON OR GROUP OF PERSONS. PAST PERFORMANCE AND ANY FORECAST IS NOT NECESSARILY INDICATIVE OF THE FUTURE OR LIKELY
PERFORMANCE OF THE FUND. THE VALUE OF UNITS AND THE INCOME FROM THEM MAY FALL AS WELL AS RISE. OPNIONS EXPRESSED HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE.
1 Y
2.5%
1.5%
-2.0%
-0.5%
5.8%
-9.2%
3.7%
3.0%
YTD
2.1%
0.5%
-1.8%
-1.8%
5.5%
-6.2%
3.0%
2.8%
7.2%
1.8%
4.0%
6 M
4.6%
-6.2%
-1.9%
0.7%-0.7%
5.8%
3 M
5.1%
4.4%
-4.4%
-0.2%
-1.3%
4.7%
4.2%
2.7%
1 M
3.8%
2.6%
-4.3%
-1.8%
1 W
-0.7%
-0.5%
0.7%
0.2%
Data as of 5 Dec 2016 11:09 AM
Source: Bloomberg & iFAST Compilations
0.1%
-0.5%
DXY
USDSGD
EURUSD
EURSGD
SGDCNY
SGDJPY
SGDMYR
AUDSGD
7.3%
3.4%
-0.4%
0.1%
0.8%
90
92
94
96
98
100
102
104Dollar Index
1-Year High: 101.70 1-Year Low: 92.63 Last Price: 100.77
1.3
1.32
1.34
1.36
1.38
1.4
1.42
1.44
1.46USDSGD Curncy
1-Year High: 1.44 1-Year Low: 1.34 Last Price: 1.42
1.42
1.47
1.52
1.57
1.62EURSGD Curncy
1-Year High: 1.58 1-Year Low: 1.49 Last Price: 1.51
4.4
4.5
4.6
4.7
4.8
4.9
5
5.1SGDCNY Curncy
1-Year High: 4.98 1-Year Low: 4.56 Last Price: 4.85
1.02
1.04
1.06
1.08
1.1
1.12
1.14
1.16
1.18EURUSD Curncy
1-Year High: 1.15 1-Year Low: 1.06 Last Price: 1.07
72
77
82
87
92
SGDJPY Curncy
1-Year High: 88.06 1-Year Low: 73.76 Last Price: 79.97
0.97
0.99
1.01
1.03
1.05
1.07
1.09AUDSGD Curncy
1-Year High: 1.08 1-Year Low: 0.99 Last Price: 1.06
2.7
2.8
2.9
3
3.1
3.2SGDMYR Curncy
1-Year High: 3.13 1-Year Low: 2.85 Last Price: 3.13
1M
-0.01
0.03
0.01
0.00
-0.01
Eurozone Japan Singapore
1W 1M 1W 1M1W
NA
0.02
NA
-0.04
0.01
0.03
0.49
NA
0.01
NA
0.03
0.02
NA
0.06
NA
0.27
0.49
0.00
0.02
NA
0.16
0.21
-0.02
-0.04
-0.13
-0.04
0.07
-0.07
NA NA
-0.07-0.10 -0.01
% Point (PP)
Change
20 Year
30 Year
1 Month
3 Month
6Month
1 Year
0.04
0.01
0.04
0.03
0.01
NA
1W
2 Year
5 Year
10 Year
15 Year
0.06
0.06
US
1M
DISCLAIMER: THIS REPORT IS NOT TO BE CONSTRUED AS AN OFFER OR SOLICITATION FOR THE SUBSCRIPTION, PURCHASE OR SALE OF ANY FUND. NO INVESTMENT DECISION SHOULD BE TAKEN WITHOUT FIRST VIEWING A FUND'S PROSPECTUS. ANY ADVICE
HEREIN IS MADE ON A GENERAL BASIS AND DOES NOT TAKE INTO ACCOUNT THE SPECIFIC INVESTMENT OBJECTIVES OF THE SPECIFIC PERSON OR GROUP OF PERSONS. PAST PERFORMANCE AND ANY FORECAST IS NOT NECESSARILY INDICATIVE OF THE FUTURE OR
LIKELY PERFORMANCE OF THE FUND. THE VALUE OF UNITS AND THE INCOME FROM THEM MAY FALL AS WELL AS RISE. OPNIONS EXPRESSED HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE.
0.14
0.13
0.26
0.48
0.48
NA
-0.04
-0.06
-0.06
-0.03
NA NA
0.07
0.09
0.06
NA
NA
0.39
0.42
Source: Bloomberg & iFAST Compilations
NA NA 0.02 0.48
0.37 0.00 0.10 -0.04 0.05 NA-0.01
NA NA NA NA
5.5
6.5
7.5
8.5
9.5
10.5
% High Yield Bond YTM
1-Year High: 10.42 1-Year Low: 6.43 Last Update: 6.88
1.1
1.3
1.5
1.7
1.9
2.1
2.3
% Global Corporate Bond YTM
1-Year High: 2.10 1-Year Low: 1.19 Last Update: 1.92
1.9
2.1
2.3
2.5
2.7
2.9
3.1% US Corporate Bond YTM
1-Year High: 2.89 1-Year Low: 2.00 Last Update: 2.89
0.0
1.0
2.0
3.0
4.0
% US Yield Curve
5/12/2016 5/11/2016 5/6/2016 5/12/2015
Last Update: -1 Month: 0.32 -3 Month: 0.49 -6 Month: 0.62 -1 Year: 0.77 -2 Year: 1.11 -5 Year: 1.80 -10 Year: 2.33 -30 Year: 2.98
-1.0
0.0
1.0
2.0% Eurozone Yield Curve
5/12/2016 5/11/2016 5/6/2016 5/12/2015
Last Update: -3 Month: -0.79 -6 Month: -0.72 -1 Year: -0.67 -2 Year: -0.74 -5 Year: -0.43 -10 Year: 0.24 -30 Year: 0.90
0.4
0.9
1.4
1.9
2.4
2.9
3.4%
Singapore Yield Curve
5/12/2016 5/11/2016 5/6/2016 5/12/2015
Last Update: -3 Month: 0.85 -12 Month: 0.93 -2 Year: 1.15 -5 Year: 1.76 -10 Year: 2.35 -15 Year: 2.72 -20 Year: 2.80
-0.4
-0.2
0.0
0.2
0.4
0.6
0.8
% Japan Yield Curve
5/12/2016 5/11/2016 5/6/2016 5/12/2015
Last Update: -3 Month: -0.30 -6 Month: -0.29 -1 Year: -0.27 -2 Year: -0.16 -5 Year: -0.10 -10 Year: 0.02 -30 Year: 0.58
0.2
0.0
0.1
0.1
-37.3
4.7
7.2
2.1
1.0
-0.1
VIX
FSSTI Index
3M LIBOR (PP Chg)
3M SIBOR (PP Chg)
Index Change (%)
GOLDS
OILS
CRB CMDY
BDIY
1 W
-0.6
12.2
0.9
1.4
1 M
-9.8
17.3
4.0
40.1
3 M
-0.1
0.2
0.0
0.7
6 M
-5.4
6.3
1.0
96.4
12.3
150.6
1 Y
8.3
29.3
8.8
112.8
YTD
10.9
39.5
-4.7
1.4
105
-14.2
DISCLAIMER: THIS REPORT IS NOT TO BE CONSTRUED AS AN OFFER OR SOLICITATION FOR THE SUBSCRIPTION, PURCHASE OR SALE OF ANY FUND. NO INVESTMENT DECISION SHOULD BE TAKEN WITHOUT FIRST VIEWING A FUND'S PROSPECTUS. ANY ADVICE HEREIN
IS MADE ON A GENERAL BASIS AND DOES NOT TAKE INTO ACCOUNT THE SPECIFIC INVESTMENT OBJECTIVES OF THE SPECIFIC PERSON OR GROUP OF PERSONS. PAST PERFORMANCE AND ANY FORECAST IS NOT NECESSARILY INDICATIVE OF THE FUTURE OR LIKELY
PERFORMANCE OF THE FUND. THE VALUE OF UNITS AND THE INCOME FROM THEM MAY FALL AS WELL AS RISE. OPNIONS EXPRESSED HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE.
-22.5
1.3
54.5
-22.0
4.8
3.9
38.7
-7.75.9
Source: Bloomberg & iFAST Compilations
14.4
1020
1070
1120
1170
1220
1270
1320
1370
1420
US$
pe
r O
nce
Spot Gold
1-Year High: 1366.38 1-Year Low: 1051.14 Last Price: 1177.25
20
25
30
35
40
45
50
55
US$
pe
r B
arre
l
Nymex Crude Future
1-Year High: 51.68 1-Year Low: 26.21 Last Price: 51.68
360
370
380
390
400
410
420
430CRB Commodity Index
1-Year High: 420.96 1-Year Low: 371.17 Last Price: 420.83
220
520
820
1120
Baltic Dry Index
1-Year High: 1257 1-Year Low: 290 Last Price: 1198
0.6
0.8
1.0
1.2
1.4
10
20
30
40VIX Index
VIX Index (LHS) VIX:VXV Index (RHS)
1-Year High: 28.14 1-Year Low: 11.34 Last Update: 14.12
*VIX and VXV are the implied volatility of S&P 500 option with 30 and 90 days seperately
2400
2500
2600
2700
2800
2900
3000FSSTI Index
1-Year High: 2960.78 1-Year Low: 2532.70 Last Price: 2919.37
0.150.250.350.450.550.650.750.850.951.051.151.251.35
% Libor/Sibor
3-month LIBOR (USD) 3-month SIBOR (SGD)
1-Year High: 0.95 1-Year Low: 0.46 Last Update: 0.95
1-Year High: 1.25 1-Year Low: 0.87 Last Update: 0.92
