Phillip ETF Model Portfolio – May 2017 June 2, 2017
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 (%)
*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
About the author
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.