Asset Allocation

Defensive Portfolio

Capital preservation with minimal risk exposure.

Ideally suited for investors seeking to preserve their capital and are uncomfortable sustaining losses. For a defensive portfolio in 2016, the DBS Chief Investment Office sees value in developed market government bonds amid expected further downside pressure on total returns for corporate bonds.

Defensive Portfolio

 Tactical Asset Allocation
Equities0.00%
US0.00%
Europe0.00%
Japan0.00%
China0.00%
Asia Pacific ex Japan0.00%
Emerging Markets ex Asia0.00%
Fixed Income
33.00%
Developed Markets
11.00%
Emerging Markets
0.00%
China22.00%
Alternatives0.00%
Commodity0.00%
Gold0.00%
Cash67.00%

Source: DBS CIO Office, Morningstar Investment Management Asia Limited, as of 29 September 2016

Notes:

  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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