As markets recover, here's how to make the most of your money in Asia. (via CNBCMakeIt)
, also look to be relative "winners" compared with their less developed regional counterparts, according to HSBC Singapore's head of wealth & international, Ian Yim."In addition to being attractively valued, they have lower exposure to commodities and oil, and have proven themselves to be better equipped to cope with the Covid-19 crisis," said Yim, highlighting the various factors at play in the market.
More specifically, industries with strong fundamentals that have been accelerated by the virus, such as e-commerce, the internet, and China's new economy, are likely to do well, agreed Yim and Lim. "E-commerce-enabled companies have proven to have robust business models and can potentially reap the benefits of changing consumption behavior in future," said Yim.
StashAway's Lim recommended systematically investing a fixed sum each month. According to StashAway's Insights 2020, "systematic investors," who invest continuously through a downturn, perform better than those who withdraw during a correction. There are plenty of digital wealth managers now available to help you do that; automatically investing in
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks set to gain after recovery hopes push Wall Street higherAsian stocks were set to climb on Tuesday as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure.
Read more »
Streaming Platforms in South East Asia Brace for Further Shake-upGoPlay, the streaming video unit of Indonesian super-app Gojek, has completed a round of independent financing. The move comes at a time when the more established South East Asian region streamer …
Read more »
HSBC sees 'swoosh-shaped recovery' with Asia leading the wayIn a mid-year outlook report, Global Chief Strategist Joseph Little said a 'swoosh-shaped recovery' entails a sharp rebound once lockdowns are lifted, followed by a gradual pickup to pre-crisis levels of activity.
Read more »
Locarno’s Open Doors Announces Projects and Producers From South-East AsiaThe Locarno Festival’s Open Doors platform dedicated to nurturing cinema in areas where filmmaking is especially tough is continuing its focus on South-East Asia this year with a selection of proje…
Read more »
Asia stocks set to trade lower as Fed signals no rate hikes through 2022; Netease's Hong Kong debut aheadStocks in Asia Pacific were set to trade lower on Thursday after the U.S. Federal Reserve indicated on Wednesday that it would keep interest rates near zero through 2022.
Read more »
Nasdaq secures third straight closing recordThe Nasdaq Composite closed at an all-time high for the third day in a row. It was the first time the Nasdaq finished above 10,000 points. Follow live updates:
Read more »