1
Low yield:
10-year government bond yield of US, UK, DE, JP
Market Review
This post is also available in: En 简 繁
Source: www.cnbc.com, as at 4 April 2019
Low growth:
IMF further revised down global growth in April 2019
2
3
Source: CPB, OECD, HSBC as of Feb 2019
Global trade down cycle:
US “trade negotiation” with China and EU
High debt level:
Globally, reached 318% of global GDP in Q3 2018
Source: IIF, BIS,IMF Jan 2019
4
5
Counter-cyclical measures to ensure economic stability
Not a broad-based fiscal stimulus by governments but only a few niche sectors could enjoy the benefits
What does investor like?
- Low interest rate environment
- High market volatility
- Uncertain economic outlook
- Low growth
Challenges
- High dividend yield
- Better transparency & liquidity
- Stable income stream
- Some growth element
- Benefit from government support
