I research Financial Planning solutions for Havend by day, I write the wealth blog Investment Moats by night
I am sharing our Providend's April Market Review. The market review is our investment team's update on the portfolio performance, explaining where the gains and losses can be attributed. But in this April's market review, my colleague Choon Siong and Chye Hsern decide to reflect upon the challenges in China the past few years, and take stock of how they are currently. It is our ongoing efforts to risk coach and enlighten to our clients different aspect of our portfolio. They cover 1?? The impact to China banks from China government's efforts to improve the real estate situation. 2?? The challenges that plague Local Government Financing Vehicles (LGVs) 3?? How is the housing market 4?? The positive trends that can be observed. Ultimately, there are risks and challenges. Due to that, potentially there is a equity risk premium to be captured. I often say we crafted a portfolio with humility with sound fundamentals and evidenced-based. We don't know whether China will continue to do poorly or when they will turn the corner but we want to have adequate exposure to the risks, at a level we can accept, so that we can capture the returns when the risk premium shows up. https://lnkd.in/gSNpivRP
Investment Research Analyst at Providend
9 个月Thanks for sharing Kyith !