Asset Allocation

Growth Portfolio

Higher wealth enhancement through greater exposure to risky assets.

Ideal for investors with a higher-risk appetite seeking to grow their capital with a certain amount of tolerance for some market volatility. For a growth portfolio in 2016, we see value in US and Asia Pacific ex-Japan equities. We also see value in developed market government bonds as well as in gold and in hedge funds. The commodity markets are weak amid pressures in the price of oil, brought by a persistent oil glut.

Growth Portfolio

 Tactical Asset Allocation
Asia Pacific ex Japan4.50%
Emerging Markets ex Asia3.50%
Fixed Income23.00%
Developed Markets
Emerging Markets

Source: DBS CIO Office, Morningstar Investment Management Asia Limited, as of 13 January 2017


  1. Asset allocation does not ensure a profit or protect against market loss.
  2. Percentages denote actual tactical asset allocation weights for a 3-month time horizon.

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