Synopsis
When President Trump announced broad-based tariff increases in early April, equities faltered globally.
While trade protectionism had been a recurring theme since his campaign, few expected him to act on such a scale. Markets do not reward knee-jerk reactions.
Currently, it is too early to assess the potential impact of tariffs in the second quarter, hence our strategies investment response is staying disciplined and leaning in.
We have been evaluating tariff impacts on our investments across all asset classes since last year and continue to engage with management teams of the companies that we invest in.
While the situation remaind fluid, much of recent volatility appears to have been driven by fear and market momentum.
This environment presents a valuable opportunity for active, high conviction, high quality managers to take advantage of current valuations to add to positions during periods of weakness and rotating selectively.
Join us at this seminar on 4 Jun, Wed, at 12pm, where Ms Jessica Teo, Vice President at PineBridge Investments, co-hosted by Ms Susan Lim, Senior Relationship Manager at Phillip Securities, will share more about how we view the current market outlook: quality, clarity, conviction, and how we remain confident that the companies we own are well positioned – not just for this quarter but for the years ahead.
For enquiries, please contact us at 6812 1500 or email to susanlimth@phillip.com.sg.
