Wealth (January 2020)
AS WE step into a fresh decade, questions loom large in investors' minds. Those who stayed invested over the past decade would have been richly rewarded, despite worries over a myriad of risks including the path of interest rates, various domestic elections, protectionism and more recently the trade war.
2019 has turned out to be a rewarding year for investors, as global equities generated double digit returns led in particular by the US which scaled fresh highs. Even fixed income assets performed strongly with single to double digit gains. What's next in 2020?
Equities performed strongly in 2019 and an absence of trade shocks in 2020 could reinforce confidence in world economic expansion. Citibank analysts are calling an overweight in global equities, with a 12-month forecast of 6 to 8 per cent in total returns, underpinned in particular by high quality dividend growth.
At The Helm
PRIVATE equity, tick. Public securities, tick. Incubating and running operating businesses, tick. In just over a decade since its establishment in Singapore, AJ Capital, the family offi ce run by Abhinav Jhunjhunwala, a scion of one of India's wealthiest families, has been there, done that. Now the fi rm is ready for the next phase - to manage third party capital.
At The Helm
ABHINAV Jhunjhunwala, chief of AJ Capital, counts as his mentors his father Amitabh Jhunjhunwala and the founder of hedge fund fi rm Valiant Capital Management, Christopher Hansen.
Risks abound in 2020 despite the expectation that the bull market in equities, led by the US, is intact. Genevieve Cua asks the leaders of the wealth management industry for their views on how you should be positioned.
Business Family Insights
THAT purpose should permeate corporations' ethos is a fairly novel concept, particularly among Asian companies. But Myanmar-based KBZ Bank has blazed a trail as it embraces its purpose as metta, a Sanskrit word for loving- kindness.
IF YOUR family has substantial wealth, should you go the route of setting up a single family office (FO), or enlist the services of a multi-FO? Union Bancaire Privee (UBP) offers expertise for families at this particular crossroad. It has just expanded the FOSS Family Office Advisory service to Asia. It began to offer FOSS services actively in Switzerland in 2014.
GLOBAL perceptions of wealth are changing, as are the roles that holders of wealth are expected to play in shaping the future of our world. In 2019, Withersworldwide gathered the views of high-profi le global opinion formers in its inaugural Attitudes to Wealth report to present a timely, in-depth exploration of how the wealthy are perceived and where the opportunities lie to leverage success to generate meaningful changes to society.
THE year 2020 has arrived and the Year of the Rat is also just around the corner: 'Tis the season to celebrate a new year, and a fresh beginning. Few things can get you in the festive mood faster than savouring a celebratory libation of an exquisite liquor - enjoyed on its own or coupled with the appropriate food.