Phillip ETF Model Portfolio – May 2017 June 2, 2017

MARKET HIGHLIGHTS

  • Emmanuel Macron won the French Presidential election, pushing European markets higher.
  • Dismissal of FBI director James Comey opens up an investigation on Trump for obstructing of justice.
  • Fed central banker’s dropping hint that the shrinking of the Fed balance sheet may be happening soon.
  • One Belt One Road Forum kick starts the ambitious infrastructure spending plans of China.
  • S&P credit rating agency downgrade of China’s sovereign rating did little to harm the China Equity market.

MAY 2017 ETF PERFORMANCE (%)

1

*Performance return is based on total return with dividend reinvestment. Performance calculation does not take into consideration any transactional cost or brokerage fee.

Source: Bloomberg, as of 31 May 2017

etf

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Profile photo of Pei Sai Teng

Pei Sai Teng
Investment Analyst
Phillip Securities Research Pte Ltd

Sai Teng covers the global macro research. He has more than 6 years investment experience primarily in portfolio construction and asset allocation. He graduated with Bachelor of Science in Banking and Finance from University of London.

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