digiPortfolio Insights

In Q3 2025, the Income Portfolio delivered total returns of 3.7% (in both USD and SGD, bringing the YTD return to 10.2% (in USD) and 7.6% (in SGD), respectively. These returns were sufficient to achieve the portfolio’s annual income distribution target of 4.0% p.a..

Key contributors to performance included First Eagle Amundi International Fund with its US tilted exposure and  Schroder Asia More+, due to its exposure to Asia, which performed well in Q3 2025.

Bond funds like BlackRock Asian Tiger Bond Fund also delivered stable income through its quality fixed income strategy, benefitting from the regions’ declining long-term rates, healthy debt sustainability and favourable external flows.

The portfolio’s current allocation is 49% in global equities and 48% in global bonds. Within equities, the focus remains on dividend-oriented funds with stable cash flow generation (average dividend yield 2.3%).

Our fixed income is targeted towards higher quality investment grade bonds for their attractive yields, with an average credit rating of A, moderate duration of 4.8 years and a yield-to-maturity of 5.8% (based on end-May 2025 fund data).

Figures as of 30 September 2025.
The above table is based on the Indicative Model Portfolio returns and is gross of fees. Individual performance may vary.

Helped by the rally in risk assets, the SaveUp Portfolio delivered a steady total return of 1.4% (in SGD) in Q3 2025, bringing the YTD total return to 4.3%.

Despite the sharp decline in SGD yields, the portfolio’s global diversification enabled it to deliver returns that exceeded standard SGD deposit rates.

To better position the portfolio for ongoing volatility, we marginally bought down our duration by reducing exposure to longer duration flexible PIMCO GIS Income Fund and increasing allocations to high quality focused Amova Short Term Bond Fund.

Taking these moves into account, the portfolio’s model characteristics were as follows: yield-to-maturity stood at 4.0%, with a duration of about 3.01 years. It has an average credit rating of A with high yield allocation around 3.6% (as of end-August 2025).

With the Fed anticipated to further cut rates going forward and short-term SGD rates poised to head lower, investors should look to put their cash to work through short duration strategies. This allows investors to lock in attractive bond yields compared to cash deposits rates that remain on a declining trend.

The short-duration SaveUp portfolio offers an avenue to mitigate these headwinds, with its proven steady performance, low volatility despite having to navigate significant risks over the last three years.

Figures as of 30 September 2025.
The above table is based on the Indicative Model Portfolio returns and is gross of fees. Individual performance may vary.

In Q3 2025, the Global ETF Portfolio continued its upward trajectory, delivering a quarterly total return of 6.2% (in USD, for medium risk), bringing the year-to-date (YTD) return to 15.9%.

This was aided by our growth tilt within our equity allocations, where US and Asia equities reaped the benefits of robust rallies as well as a focus on high quality, longer-duration bonds which benefitted from market participants’ rising expectations of a rate cut fuelled by cooling labour market data which caused yields to fall.

We remain neutral on equities with a growth inclination while favouring quality corporate bonds for yield pick-up over government bonds.

To reflect this view, we have adjusted the Asian exposure within our portfolio for Q4 2025, by increasing allocation to Indian equities.  We expect India’s underperformance to bottom as its economy recovers and, in turn revives corporate earnings growth.

Within Fixed Income, we have extended portfolio duration by trimming our short duration bond exposure in favour of higher duration government and corporate bonds to better position ourselves for future Fed rate cuts heading into the end of the year as markets sees a greater urgency for the Fed to cut rates.

Figures as of 30 September 2025.
The above table is based on the Indicative Model Portfolio returns and is gross of fees. Individual performance may vary.

In Q3 2025, the Global Portfolio Plus delivered a quarterly total return of 4.1% in both USD and SGD for the medium risk profile, resulting in a YTD price return of 10.7% (in USD) and 7.2% (in SGD) respectively.

The performance was lifted by our diversified global approach, growth-tilted equity investments and overweight position in investment grade bonds.

Capital Group New Economy Fund was the top contributor for equities as it benefited from the rally in growth stocks due to its material exposure to the technology space.

Meanwhile, for Fixed Income, Blackrock Asian Tiger Fund benefited from its long duration positions as Asian bond yields decline. The fund leverages on the healthy Asia economic outlook and the favourable external capital inflows. The allocation to equities and bonds is 50% and 48%, respectively. 

Looking ahead, we maintain a neutral stance on equities with a growth tilt and Asian bias. We also continue to favour investment grade (IG) corporate bonds for its low default rates and yield pick-up over government bonds.

To reflect this view, we have taken profit on Amova Dynamic Bond Fund given the recent rally in longer duration bonds and redeployed the proceeds into broader fixed income IG corporate bond universe (via Allianz Global Opportunistic Bond Fund and PIMCO GIS Income Fund).

Figures as of 30 September 2025.
The above table is based on the Indicative Model Portfolio returns and is gross of fees. Individual performance may vary.

The Asia ETF Portfolio generated a steady quarterly total return of 6.4% (in SGD, for medium risk) bringing its YTD total return to 13.2%, supported by our sizeable allocations to China, Singapore and India equities. Asian IG bonds complimented equity returns by delivering steady returns. 

While risks continue to centre around US-China trade dynamics and Middle East tensions, there are still compelling upsides investing in Asia ex-Japan (AxJ) driven by steep valuation discounts, resilient earnings, easing trade tensions as well as supportive fiscal and monetary policies by their respective regimes. 

India stands out, with its outperformance expected to be fuelled by improving macroeconomic dynamics, robust corporate earnings, and strong FDI inflows. S-REITs are well positioned to benefit from the declining interest rate environment, while China’s supportive policies continue to drive sustainable growth momentum.

For Q4 2025, we opted to reduce exposure and take profits in Japan, subsequently redeploying to Singapore (S-REITs), India, and China to capitalise on these compelling opportunities. 
Looking ahead, remain positive on AxJ, believing that the region has further room for outperformance. We remain well diversified yet nimble enough to ride on secular growth drivers as the investment environment continues to be constructive towards risk-assets.

Figures as of 30 September 2025.
The above table is based on the Indicative Model Portfolio returns and is gross of fees. Individual performance may vary

Q3 2025 Market Review

The third quarter of 2025 saw solid gains across equity and fixed income markets, driven by stable growth, US trade policy uncertainty subsiding and a dovish pivot from the Federal Reserve. Global equity markets advanced, with the MSCI World (local currency) index returning 7.5%, as ongoing tariff de-escalation improved prospects for the global economy while AI euphoria continued. 

Growth stocks outperformed their value peers amid heightened enthusiasm for the Technology sector. Small caps and REITs benefited from resilient global activity data and rising expectations for near-term policy easing from the Federal Reserve. US equities had a strong run despite some intra-quarter wobbles on the back of a decent second quarter earnings season and resilient macro backdrop. European equities lagged over the quarter as a lacklustre performance of German equities dragged on overall returns. 

Emerging Market equities maintained their upward momentum in the third quarter and outperformed their developed market counterparts, returning 12.2% (MSCI Emerging Markets, local currency). Chinese stocks were the driver of this outperformance, buoyed by the extension of the US-China trade truce and AI optimism. More broadly, easing trade tensions with the US and hopes that China’s ‘antiinvolution’ policy would shore up the domestic economy supported the wider market. In Japan, a weaker yen, resilient domestic macro data and ongoing corporate governance reforms coupled with a trade deal with the US contributed to the outperformance of Japanese equities.

Fixed income markets were volatile over the period, as global political uncertainty and concerns around fiscal policy sustainability came into focus. Despite this challenging backdrop, the JPM GBI index (USD Hedged) returned 0.8%. Short-term treasury yields fell as market attention shifted from upside inflation risks to downside growth risks. While hard data in the US have so far indicated economic resilience and moderating inflation, the labour market is showing clearer signs of cooling. 

In September, the Federal Reserve cut rates (25bps) for the first time since December 2024 and reiterated its cautious data-dependent approach. European government bonds fell over the quarter, with the gap between 10-year French and German bond yields reaching their widest level since January 2025 as France faced political obstacles to addressing its 6% budget deficit. Meanwhile in the UK, still-sticky inflation, alongside renewed focus on the fragility of government finances ahead of the November budget, helped push 30-year Gilt yields to their highest level since May 1998. 

Japanese government bonds lagged this quarter as political and fiscal uncertainty added to volatility following the ruling Liberal Democratic Party’s election defeat in July and Prime Minister Ishiba’s subsequent resignation. Hawkish signals from the Bank of Japan at its September meeting put further upward pressure on JGB yields. In credit, a weaker US Dollar provided a tailwind for emerging market debt while US high yield and global investment grade bonds posted solid gains as spreads tightened.

Market Outlook
JPMorgan Asset Management anticipate growth to re-accelerate in 2026 driven by improving sentiment together with fiscal support and lower rates. Tariffs are likely to keep US inflation elevated through year end and JPMAM expect two further Fed rate cuts in 2025 and another in 2026, bringing the policy rates to 3.5%, even as immigration policies continue to dampen labour supply growth. Outside of the US, the tariff impact is disinflationary. In Europe, this means real policy rates can remain close to zero, even with German fiscal stimulus boosting the economy in 2026. In Asia, Chinese policy rates remain stimulative. Despite lingering concerns in the real estate sector, JPMAM see consumption spending supporting Chinese GDP growth. In Japan, solid wage increases, and robust domestic growth will likely spur the Bank of Japan (BoJ) to raise rates to 1.0% by the end of 2026.

JPMAM currently maintains a constructive view on equities, with a preference for the Asia Pacific region due to its long-term growth trends in artificial intelligence and domestic consumption. In addition, JPMAM remains positive on both US and Japanese equities. In fixed income, JPMAM continues to favor credit, as overall yields remain attractive, and JPMAM are also optimistic about emerging market debt given the expectation of a structurally weaker US dollar.

Achieving positive returns amidst market challenges 

In 2024, we witnessed a shift in the economic landscape, driven by the changing interest rate environment and US presidential elections. While these caused market fluctuations, they also presented opportunities to strategically adjust investment portfolios.

With 2024 behind us, we'd like to share key market highlights and insights from DBS Chief Investment Office (CIO) and the team managing your digiPortfolios.

A Tale of Two Halves

In 1H24, inflation moderated from 2023 highs, and economic growth remained resilient. This created heightened market volatility as investors weighed the probabilities of a soft landing versus a recession. In Asia, while China’s economic recovery was slower than expected, other economies performed well, resulting in a mixed overall performance.

The US Federal Reserve's long-awaited rate cut in 2H24 – that served up a bumper 50-basis-point cut in September, marked the start of a monetary easing cycle. Singapore's 6-month Treasury bill auction on 19 December 2024, yielded a 3.02% p.a. cut-off rate, reflecting the broader trend of lower interest rates. This spurred increased investor interest in global bonds seeking higher yields.

In November, Donald Trump and the Republicans attained a “trifecta” victory at the US Elections. The market balanced the inflationary implications of Trump 2.0 policies against the growth prospects of pro-cyclical measures, while responding to key nominations made ahead of the January inauguration.

How has digiPortfolio performed in 2024?

Here are the performance figures for digiPortfolios in 2024:

¹Retirement digiPortfolio utilises a glidepath strategy based on an individual’s years to retirement to determine the portfolio mix. Figures referencing a 70% equity – 30% bond mix. 
²Based on Comfy Cruisin’ (medium risk) Portfolios.

Global Portfolios 

The portfolio performance through the year was supported by our view to trim Europe equities in favour of US equities, and our overweight stance on Asia. Fixed income also contributed positively, supported by our focus on duration management in a challenging interest rate environment. Overall, it was a strong year for globally diversified portfolios with the Global ETF portfolio and Global Portfolio Plus delivering total returns of 11.1% (in USD) and 7.3% (in SGD) on a YTD basis. Retirement digiPortfolio, a global portfolio by nature with its diversified mix of global equities and bonds, benefited as well with positive YTD returns across all portfolio mixes.  

Asia ETF Portfolio 

Despite the diverging performance of Asian economies, the overall performance during the year was supported by a rebound in China equities, stable returns from Indian equities and a strong outperformance by Singapore equities. Additionally, our decision to reduce Asian Real Estate Investment Trusts (REITs) in 3Q24 buffered the portfolio against market volatility. Overall, the portfolio generated a total return of 7.7% (in SGD) during the year. 

Income Portfolio 

The Income Portfolio delivered a total return of 7.0% (in SGD) driven by our strategic focus on quality core income assets over cyclicals, and effective duration management through interest rate volatility. The portfolio aims to strike a balance between global dividend equities and global bonds while maintaining a consistent income target of around 4.0% p.a. (or 1.0% per quarter).

SaveUp Portfolio

SaveUp portfolio delivered a total return of 2.7% (in SGD), achieving its goal of outpacing cash investments. The short duration nature of the portfolio and high-quality positioning contributed to its positive performance, despite weakness in the broader bonds market. The recent volatility in interest rate environment presents a favourable entry point for investors to deploy additional cash to short-duration investments, as a hedge against inflation and declining deposit rates. 

Looking Ahead 

The recent Fed rate cuts and continued corporate earnings growth support our positive outlook on risk assets. However, we'll maintain a selective approach to both equities and fixed income to capitalise on specific opportunities. 

Our 2024 performance underscores the importance of a diversified investment strategy. By staying adaptable to changing market conditions, we continue to build resilient portfolios for long-term growth. 

Shifting Currents in 2024

As we transition from a turbulent 2023 into a more certain direction in 2024, we now expect a tapering of US rates as economic data on growth and inflation points to a softening. This signals a supportive environment for fixed income whilst being cautious on equities.

Throughout the year, we have emphasized the importance of the enduring value of long-term investing and the merits of dollar-cost averaging (DCA). Despite the short-term volatilities we experienced in 2023, we saw the resilience of the market and favourable returns over the year. By staying invested for the long-term and through DCA, you can ride through market fluctuations and capitalise on growth trajectories over time.

Thank you for your continued trust in digiPortfolio. Stay informed with our updates through: 

1. “Who Moved My Investment Portfolio” – Quarterly video series covering market trends and portfolio updates 
2. Quarterly Commentary and Insights – Available on digiPortfolio dashboard within digibank and the Insights webpage. 
3. Quarterly Email Updates – Delivered to your registered inbox. 
4. Quarterly Factsheets – Available on the digiPortfolio dashboard. 

digiPortfolio: 2023 in review

Markets never move in a straight line and 2023 was testament to that. The year started with several uncertainties but looks to have closed the year on a positive note. The DBS investment team, that monitors and manages your digiPortfolios, shares their reflections on key events that defined 2023 and the impact the DBS Chief Investment Office (CIO) views had on your portfolios.

Spill over from 2022

2022 saw aggressive fed rate hikes by the US Federal Reserve, resulting in an environment that was challenging for both equities and bonds. This isn’t common as these two asset classes are typically less correlated. Investors were also anticipating a possible US recession in 2023 as higher rates would slow growth by driving up borrowing costs for businesses and consumers.

Instead, the US economy stayed resilient in 2023 as inflation slowed and the job market remained stable. Recession fears eventually receded and the Fed hit the pause button in July 2023. Markets started factoring in the possibility of rate cuts in 2024, which played a role in driving markets to finish out Q4 2023 strongly.

AI-powered rally

Despite a cautious end to 2022, the S&P 500 staged a strong recovery in H1 2023 on the back of confidence around Generative Artificial Intelligence (AI). Resultantly, the “Magnificent 7” – the S&P 500’s mega-cap technology stocks - dominated headlines with 71% year-to-date performance and related companies such as chip makers to cybersecurity also benefited from the rally.

Across 2023, the investment team’s overweight calls on tech-related growth plays yielded positive results. This is expected to extend into 2024, supported by technology tailwinds and anticipation of rate cuts.

Re-rating of China Equities

China finally moving away from its Covid Zero policy was eagerly anticipated with expectations that Asia’s largest economy was going to roar back into life. Unfortunately, this did not materialise as domestic consumption remained weak given ongoing concerns over the property sector. That said, the Chinese authorities have shown that they are prepared to step in where necessary to provide measured and targeted support.

With these key events in mind, how have our portfolios performed?

Global Portfolio (ETF)

Year-to-date, global equities (referencing the MSCI World index) and global bonds (referencing the Bloomberg global aggregate index) returned 23.12% and 4.71% respectively. The Comfy Cruisin’ Global portfolio returned 10.1% before dividends paid, and this can be attributed to some of the positive calls made in the portfolio.

Within equities, the portfolio has maintained sizeable allocations to developed market equities, especially the US. This played a key role to performance as US equities outperformed on the back of favourable economic data and strong corporate earnings. The investment team also added to Japan equities which contributed positively on expectations of more structural reforms which can boost corporate profitability. On the other hand, China equities, which were trading at multi-year lows, weighed down on portfolio performance. Opportunities do exist in China as a deep value play, which reinforces our constructive outlook.

For bonds, the strategy primarily entailed maintaining an underweight allocation and shorter duration throughout the first half of the year in response to the rising interest rates, which yielded favourable results. For H2 2023, the investment team increased fixed income allocation and extended the portfolio duration, with emphasis remaining on high-quality developed market government bonds and investment-grade credit. This proved beneficial, given the recent decline in interest rates.

Asia Portfolio (ETF)

2023 was a challenging year for Asian markets, especially China. Despite multi-year low valuations offering deep value, Chinese equities endured another difficult year, declining 13.4% (referencing the MSCI China Index in SGD terms), dragged by the country’s weaker than expected post-covid economic recovery, property sector woes and geopolitical tensions.

As a result, Chinese equities weighed down on most of the portfolio’s performance, with the Comfy Cruisin’ Asia portfolio returning -2.2% year-to-date. That said, the Chinese government has stepped up efforts to support its economy in recent months. Earnings results from big Chinese internet companies have been encouraging as they reported recovering earnings fundamentals.

The Indian market stands poised to capitalise on robust secular tailwinds, potentially positioning itself as one of the world’s fastest-growing economies in the upcoming years. As such, the investment team trimmed Chinese equity allocation and increased allocation to Indian equities. There is still a sizeable allocation to Chinese equities as is it offers deep value for investors.

For Asian REITs, our patience paid off as the asset class rebounded strongly in Q4 2023 on expectations of interest rate cuts in 2024. Looking ahead, attractive valuations and lower interest rates should support further rerating of REITs over 2024. Tapering interest rates in 2024 will be favourable for bonds and therefore we stay overweight on SGD government bonds and investment grade credits.

SaveUp Portfolio

Our SaveUp portfolio is a conservative risk portfolio which invests primarily in high quality fixed income instruments to generate total returns. A key feature of the portfolio is its shorter-term time to maturity of less than 3 years. Compared to longer-term bonds, this makes it less sensitive to interest rate movements held in a traditional bond fund.

Due to its shorter duration, the SaveUp portfolio is more sensitive to the 2-year US Treasury bond yield movements, which grew quarter-on-quarter as the Fed embraced a ‘higher for longer’ policy stance. The overall bond market (Bloomberg Global Aggregate Bond Index) detracted by -2.20% between Q1 to Q3.The portfolio declined in a similar fashion with year-to-date performance of -0.96% before dividends paid; however, the impact was cushioned by income-generating investments within the portfolio.

Throughout the year, we have adjusted the duration of the portfolio down to maintain our short duration target by funding new positions with shorter duration. Our call on high-quality funds have also worked well, as these have contributed positively to returns.

Opportunities lie ahead for fixed income investors as yields continue to stay elevated. Quality short-term fixed income yields remain at multi-decade high, offering higher expected returns over fixed deposits or SG T-bills.

Income Portfolio

The Income Portfolio is constructed for investors seeking the stability of regular income streams. With a focus on global income-generating assets, the Income Portfolio Comfy Cruisin’ is made up of fixed income securities across government bonds, corporate bonds and emerging markets, and income equities. Year-to-date, the portfolio recorded 1.1% (USD denominated) and 0.2% (SGD denominated) in returns before dividends received.

Through the year, the Income Portfolio performance was supported by our view of extending duration, high yields from high quality credit and stable performance from income equities. In addition, the portfolio paid out 4% p.a. in dividends for the year.

Shifting Currents in 2024

As we transition from a turbulent 2023 into a more certain direction in 2024, we now expect a tapering of US rates as economic data on growth and inflation points to a softening. This signals a supportive environment for fixed income whilst being cautious on equities.

Throughout the year, we have emphasized the importance of the enduring value of long-term investing and the merits of dollar-cost averaging (DCA). Despite the short-term volatilities we experienced in 2023, we saw the resilience of the market and favourable returns over the year. By staying invested for the long-term and through DCA, you can ride through market fluctuations and capitalise on growth trajectories over time.

Thank you for your continued support and as we approach a new year, the digiPortfolio team will strive to provide updates on the latest happenings in the market and portfolio performance through:

1. “Who Moved My Investment Portfolio”, our quarterly video series addressing hot topics driving markets and updating you on how the digiPortfolio team is keeping portfolios resilient.
2. Quarterly commentary from the digiPortfolio team on the DBS digibank digiPortfolio dashboard as well as our digiPortfolio insights webpage.
3. Quarterly digiPortfolio factsheets on the digiPortfolio dashboard.
4. Quarterly summarised updates sent to your registered email.

Performance figures indicated are YTD as of 15 December 2023.

29 Dec 2022

digiPortfolio: 2022 in review

2022 was a challenging year for investors with 3 key events dominating headlines. As these events unfolded, the DBS investment team was hard at work monitoring portfolios and making tweaks that aligned them with the views of the DBS CIO office.

As we close out the year, here's a summary of these 3 events that defined 2022 for investors.

The Fed battles inflation

At the start of 2022, the US Federal Reserve had a sanguine view on inflation, describing it as "transitionary" owing to factors such as the Covid-19-related supply chain disruptions and the war in Ukraine.

However, that did not last long as before the end of 1H22, the Fed started to pivot towards an aggressive tightening policy, taking markets by surprise. This hurt both equity and fixed income markets, which rarely move in tandem.

The Fed funds rate moved sharply upwards from 0% - 0.25% in January to 4.25% - 4.5% in mid-December, effectively ending a decade-long era of ultra-loose monetary policy.

Russia-Ukraine conflict

One of the contributors to rising inflation was energy prices, with a key factor being the war in Ukraine. As Russia is one of the main energy producers globally, the conflict resulted in energy price volatility emerging from supply shortages and sanctions.

Apart on its impact on energy prices, the prolonged incursion in Ukraine was a headwind for investor sentiment.

China’s zero-covid policy

In Singapore, we will likely remember 2022 as the year the city-state eased Covid-19 restrictions. From mask wearing to travel quarantine protocols, we started to transition back to life before.

Other countries eased restrictions too. However, it wasn't the case in China where authorities maintained their zero-Covid stance before finally easing last month. After multiple quarters of suppressed market sentiment, markets lauded these reopening moves and share prices started to rebound.

digiPortfolio in review

Very rarely in the history of financial markets do we see both equities and safer assets like government bonds falling sharply and in tandem. On the back of the Fed pivoting sharply towards aggressive hikes, 2022 was one of those rare years.

Let's review the performance of two of our portfolios.

Global Portfolio (ETF)

On a year-to-date basis, global equities (referencing the MSCI World index) and global bonds (referencing the Bloomberg global aggregate index) returned -18.4% and -16.2% respectively. The Comfy Cruisin’ Global portfolio held up better at -14.8%.

These returns can be attributed to some of the stronger calls made in the portfolio.

When the war in Ukraine first broke in 1Q22, the investment team reduced exposure to European equities as energy prices soared and this positioning helped cushion the portfolio from further downside.

Within fixed-income, with the Fed continuing to sharply hike rates through Q3 with no signs of slowing down, the investment team then shifted towards shorter-duration and higher quality bonds in developed markets. This helped to mitigate volatility arising from interest rate movements and credit risk.

One detractor within the portfolio was the allocation in US equities in Q2. After the price correction in US equities earlier in the year, valuations appeared attractive and presented a compelling entry point for the investment team.

Asia Portfolio (ETF)

Apart from the impact of the Fed’s policy tightening, investor sentiment in Asia was also dampened by China’s reluctance to ease its zero-Covid policy.

Year-to-date, Asia equities (referencing the MSCI Asia Ex Japan index in SGD terms) and Asia bonds (referencing the JPM Asia Credit Index in SGD terms) returned -19.44% and -10.08% respectively. The Comfy Cruisin’ Asia portfolio did fare better as well at -10.8% even without accounting for dividends.

Like our Global portfolio, the investment team held a high quality and defensive stance as the year unfolded.

With increased exposure to IG bonds, S-REITs and government bonds added to the defensive nature of the portfolio.

Maintaining allocation to the Straits Times Index also contributed as one of the few positive performing markets in 2022.

However, our overweight stance on China provided mixed results across different quarters as sentiment ebbed and flowed. Positive returns for Chinese equities in Q2 were negated in Q3 before rallying in November again on expectations of reopening. This remains a constructive view heading into 2023 on valuations as well as re-rating opportunities from reopening.

The road ahead

Heading into 2023, all eyes continue to be on the Fed as they are expected to continue its monetary tightening policy, albeit at a slower pace.

As the saying goes, “never waste a crisis” and the investment team will continue to monitor and seek opportunities as markets evolve.

One’s investment journey is never about a short sprint, and we continue to advocate investors to stay the course, maintain a long-term view, and adopt a patient “dollar-cost average” approach particularly with the experience of 2022 in mind.

This journey is also one that investors do not have to be alone in. As with 2022, the digiPortfolio team will continue to open new communication channels and provide regular updates to you. These are currently available through:

1. “Who Moved My digiPortfolio” is a new quarterly video series addressing hot topics driving markets and providing insights on how the digiPortfolio team is keeping portfolios resilient.
2. Quarterly commentary from the digiPortfolio investment team on the digiPortfolio dashboard as well as our digiPortfolio insights’ webpage.
3. Quarterly digiPortfolio factsheets on the digiPortfolio dashboard.
4. Quarterly summarised updates sent to your registered email.

This article was first published in DBS NAV insights, a weekly subscription-only newsletter.

18 Mar 2022

This article was first published in DBS NAV insights, a weekly subscription-only newsletter.

03 Mar 2022

Navigating the Russia-Ukraine crisis

The Russia-Ukraine crisis is the main topic on everyone's minds. Many questions have been raised on how the situation may evolve, and how investment portfolios should be positioned.

Here's a factsheet from DBS Chief Investment Office that will address some of the key questions surrounding the conflict.

The above is a summary of DBS CIO Perspectives report titled "Factsheet: Navigating the Russia-Ukraine crisis" published on 28 Feb 2022. The full report can be accessed through the DBS Private Bank website, under Market Insights.

This article was first published in DBS NAV insights, a weekly subscription-only newsletter.