In a statement today, Pacific Mutual Fund Bhd, an investment management company under the OCBC Group, with internal resources to manage both local and global investments for its clients, announced that its view on the markets has not changed from a quarter ago. Pacific Mutual remains positive on the markets, however greater market volatility is still expected.
Commenting on the 2H2018 market outlook, Chief Executive Officer and Executive Director of Pacific Mutual, Teh Chi-cheun, said, “Pacific Mutual remains positive on global markets although we are still less aggressive than last year, as we expect the volatility in global markets to continue.”
Teh added, “Global and regional growth prospects remain intact despite global headwinds from the risk of a trade war and also higher US interest rates. Regional growth prospect is expected to be better than that of developed economies as we now see synchronized global growth has stopped with major economies such as Europe, China and Japan showing moderating economic data.”