January 2021 to March 2021 Market Update
By: King San Josè, RFP,CFC,LFA
Market Update for the first quarter of 2021.
US Market Update:
US FED Chair: Economy will grow quicker due to Fiscal support and Vaccination effort.
According to US Federal reserve Chair Jerome Powell, US Economy is set to bounce back after a solid hit from Covid 19 last 2020.
During the interview aired last Sunday at CBS news 60 minutes, according to Powell " What we are seeing now is really an economy that seems to be an inflection point. We feel like we are at a place where the economy's about to start growing much more quickly and job creation coming in much more quickly."
Philippine Market Update:
Net Foreign Selling slowed to Php 710.73 Million on Wednesday from the Php 1.42 Billion net Outflows seen on Tuesday.
Diversified securities Mr. Pangan said this is below average as investors are "cautious" along for awaiting for earnings report this week. Expecting market trading staying on the sideline.
Internationally, investors may also employ a wait and see stance as tension between Philippines , US and China rises over the West Philippine Sea.
Insular Life | Major Funds
Global Tech Fund | Equity Fund | Balanced Fund
Insular Life Global Tech Fund rebound at all time high in response to the comments of the Fed Chair last week. While the Equity funds and Balanced fund reflected Philippine Market by trading on range.
Name of fund:
Where: Black line: Global Tech | Blue Line: Equity Fund | Orange line: | Balanced Fund
Wealth Managers Strategy:
For Global Tech Fund: Profit Taking
The bull run of the fund reflected on the US Stimulus and positive outlook of Covid 19 response in the US. We are realizing some of our earnings and minimize risk.
For Insular Equity Fund | Balanced Fund : Bargain Hunting
We expect market to be volatile for the next few months for the local equities however, we
take the opportunity to start building the fund.
We are starting to acquire units for local equity funds as market starts bargain hunting.
However, at current market price, we believe the market is still on a premium.
We are still waiting for the Philippine government response in covid 19 clear movement before we fully enter the market.
Click Know more about our funds:
For Other Funds |
Contact our International Certified and Licensed Wealth Manager: Click Here >
or Call our Helpdesk : (02) 8790.4111
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