Asset Allocation

Balanced Portfolio

Capturing modest capital growth with a balance between risk and returns.

For investors seeking to strike a balance between risk and return. For a balanced portfolio in 2016, we see more value in US and Asia Pacific ex-Japan equities over Europe and Japan. But regional and country performance differences are likely to shift, with developed markets showing more weakness in the latter part of the year than already battered AxJ and Emerging Market equities. We also see more value in developed market government bonds over corporate and emerging-market bonds.


 Tactical Asset Allocation
Equities 29.00%
US 7.00%
Europe 4.00%
Japan 4.00%
China 10.00%
Asia Pacific ex Japan 2.00%
Emerging Markets ex Asia 2.00%
Fixed Income
Developed Markets
Emerging Markets
China 33.00%
Alternatives 4.00%
Commodity 1.00%
Gold 3.00%
Cash 14.00%

Source: DBS CIO Office, Morningstar Investment Management Asia Limited, as of 28 June 2016


  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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  1. The information herein is published and/or distributed by DBS Bank (China) Limited (“DBS”) and is for information only. This publication is intended for DBS and its clients or prospective clients to whom it has been delivered and may not be reproduced, transmitted or communicated to any other person without the prior written permission of DBS.
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