| James Kon |
BAIDURI Bank clients attended an investment seminar yesterday at The Empire Hotel & Country Club, headlined, ‘Income Solutions to Navigate through the Volatile Market’.
Jointly organised by Baiduri Capital and Phillip Capital Management, the seminar was presented by Martin Chong, the Institutional Portfolio Director at Phillip Capital; and Christopher Ao, the Manager for Investment Solutions at Phillip Capital.
Two funds were introduced during the event: the Phillip Income Fund and the Phillip Singapore Real Estate Income Fund. Customers investing in either of those unit trusts offered by Phillip Capital Management are entitled to a discounted sales charge, until April 8.
Pengiran Azaleen bin Dato Paduka Haji Mustapha, the Head of Retail Banking and Branch Network and the Director of Baiduri Capital, spoke about the capital market situation of 2016 in his welcoming remarks.
He said, “2016 was a bit of a bumpy ride, to say the least. We had the surprise post-election market rally instead of the expected market downturn, which to date, is still on an uptrend. Equities have been rallying because of the US’s pro-business policies, and rate hikes from the Federal Reserve will undoubtedly affect returns on fixed income products.”
Martin Chong, Institutional Portfolio Director at Phillip Capital in his presentation. – JAMES KON
Pengiran Azaleen added, “If we were to look at the Asia-Pacific region, it continues to both deliver and promise steady economic growth. For 2016, as a whole, we saw real gross domestic product (GDP) growth, which we expect to carry through 2017. It might appear contradictiory, but for financial markets, this year very much looks like a year of low returns and high volatility, what some have labelled as the ‘new normal’.”
“Our main objective tonight is to provide, or rather attempt, to provide the answer to questions on how can investors position their portfolio to strike the right balance between growth, income and stability.”
The General Manager of Baiduri Capital, Peng Eng Soon, was also present at the seminar.
Baiduri Capital also organised a similar event at the Keoja Hotel in Kuala Belait last night, for its customers based in the district of Belait.
Baiduri Capital is a wholly owned subsidiary of Baiduri Bank, specialising in securities trading and investment products. Through its secure, web based, online-securities trading portal, the first in the country, customers can trade in SGX (Singapore), HKEx (Hong Kong), China A-Share, Bursa Malaysia, the New York Stock Exchange (NYSE), the NASDAQ Stock Market and the NYSE MKT LLC (AMEX).
On top of securities trading, unit trusts are also part of the Baiduri Capital portfolio.
The post Baiduri introduces clients to Phillip Capital funds at investment seminar appeared first on Borneo Bulletin Online.