Neo Teng Hwee

Neo Teng Hwee

Spending flexibility instead of a fixed sum will help to sustain portfolio resilience over the planning horizon.
CIO CORNER

Why the famous 4% withdrawal rule for retirement may not be the answer

The modern economy is too dynamic to be governed by a fixed number derived from one country’s unique historical bull run

The difference between analysis and conviction remains profound. Analysis can be generated instantly with the help of AI, but conviction must be built through a disciplined process.
CIO CORNER

Investing in a world where everyone knows everything

Success lies in waiting, filtering out the noise, and acting only when the information is relevant

Geopolitical shifts and evolving national policies are prompting a critical examination of the USD's long-term trajectory and its profound implications for investors worldwide.
CIO CORNER

Shifting sands: Navigating the future of the world’s reserve currency

Despite the USD’s entrenched position, recent developments have introduced significant strains

The US-China trade war is no longer about trade deficits or market access. It is about great power rivalries and whose industrial model will define the future.
CIO CORNER

Trade, power and precipice: Navigating the US-China economic stand-off

The challenge for both nations – and for the rest of the world – is to build new institutions that can manage...

US President Donald Trump announced reciprocal tariffs earlier this month. The Trump administration has so far avoided more extreme tariff scenarios mentioned in his campaign, and instead exploited it as a leverage in negotiations on matters unrelated to trade.
CIO CORNER

Decoding the economic fallout from DeepSeek and US tariffs

Investors need not shun regions outside America, despite escalating trade tensions, since Trump has been shown to be a pragmatist more than...

Given the broad consensus on China’s threat, tariffs on Chinese imports will inevitably rise. China has over US$300 billion trade deficit with the US
CIO CORNER

Outlook 2025: opportunities and risks

Investors should be prepared for periods of volatility, given policy uncertainties

A plethora of measures to stabilise the economy and capital markets suggests that the problems are serious enough to warrant attention from the Chinese government.
CIO CORNER

More upside likely for Chinese equities

The forward price-to-earnings ratio of MSCI China is currently close to 11 times, below that of most developed and emerging markets

The market has been abuzz with AI being an investment theme, with Nvidia which clocked in a nearly 10-fold gain from the lows in 2022 leading the pack.
CIO CORNER

Mid-year outlook: Fed, AI and the US elections

In understanding economic and market trends, structural forces now play a more critical role than traditional economic analysis

There are several explanations for the US' economic resilience. The most cited one is that fiscal policy was exceptionally stimulative in 2023.
CIO CORNER

Paradox of high interest rates and a resilient economy

Why have higher interest rates failed to induce an economic slowdown?

The top 10 stocks by market capitalisation account for over 65 per cent of the returns in the S&P 500 in 2023. While these names will benefit from falling interest rates and the widespread adoption of artificial intelligence, investors could seek investment opportunities beyond the mega-caps.
CIO CORNER

The big surprises of 2023 and what it means for 2024

Investors have plenty to celebrate in 2023. As measured by the MSCI World Index, global equities grew over 20 per cent while...