CSPB – Dr. V. Anantha Nageswaran

By Dr. V. Anantha Nageswaran,

Jimmy Lee,

Ang Seok Peng

Client profile: 50 years old Chinese businessman with net assets of US$20m.  Client has expressed a low risk tolerance and stressed on asset preservation.  The reference currency is USD.  In order to formulate an investment strategy, we have to balance client’s needs against current market environment.

Here’s a quick summary of how we see the markets in the short term:

• US stocks are expensive and earnings have peaked

• Asian equities have more room to drop, as they are not ready for China and US slowdown risks; better value might emerge at lower levels.