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.
|Tactical Asset Allocation|
|Asia Pacific ex Japan||0.00%|
|Emerging Markets ex Asia||0.00%|
|Developed Markets (DM)||35.00%|
|DM Government Bonds||35.00%|
|DM Corporate Bonds||0.00%|
Emerging Markets (EM)
|Source: DBS CIO Office, Morningstar Investment Management Asia Limited, as of 13 January 2017|
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