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
Equities65.50%
US13.00%
Europe12.00%
Japan6.00%
Asia Pacific ex Japan23.50%
Emerging Markets ex Asia
11.00%
Fixed Income20.00%
Developed Markets (DM)
15.00%
DM Government Bonds
6.00%
DM Corporate Bonds9.00%

Emerging Markets (EM)

5.00%
Alternatives11.50%
Commodity1.00%
Gold5.00%
Hedge Funds5.50%
Cash3.00%

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 by DBS Bank Ltd (“DBS Bank”) for information only. This publication is intended for DBS Bank and its clients or prospective clients and may not be reproduced, transmitted or communicated to any other person without the prior written permission from DBS Bank.
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