Mr. Supakorn Tulyatanya, Chief Investment Officer Principal Asset Management Co., Ltd. revealed that in the midst of market volatility from various important factors at present, including the spread of COVID-19 Omicron species The global inflation rate continues to rise. and will remain stable at a high level from the pressure of rising energy and commodity prices from the geopolitical conflict between Russia and Ukraine.
Therefore, there is a chance to see an increase in inflation expectations as well, causing the US Federal Reserve to There is a need for tight monetary policy. It is expected that the quantitative easing measures (QE tapering) will be stopped in the first quarter of the year. and begin raising the policy interest immediately in March 2022, with 4 to 6 interest rate hikes expected this year.
So look atinvestmentinglobal stock marketswill continue to face volatility However, the overall stock market returns in 2022 are expected to remain positive. especially the US stock market that are interesting It yields a five-year average yield of 18.10% per annum, compared to investments in emerging markets, Chinese stock markets, developed markets excluding the US and UK stock markets. The 5-year average yield is 10.50%, 9.30%, 8.40% and 4.20%, respectively (Source: Bloomberg, FactSet, Principal Global Asset Allocation, data as of December 31, 2021).
However, highly volatile market conditions can make it difficult to keep track of investments. It is therefore ideal for funds with asset allocations to mitigate high volatility from risky assets by diversifying some of their investments into debt instruments.
As for the direction of investing in core fixed income debt instruments, most of which focus on investing in government bonds and high quality bonds. will be affected by the policy rate hike to combat inflationary pressures This is the main factor that depresses core fixed income returns, making Global High Yield and Global Preferred Securities the best options for investing in the bond market.
However Principal Asset Management Co., Ltd. suggest that from the current situation Should focus on a diversified investment strategy. and focus on continuous investment in the long term Therefore, it has added options for investors who want to deal with volatility.
Recently launched “Principal Global Multi Asset Fund” or Principal Global Multi Asset Fund (PRINCIPAL GMA) with registered capital of 2,000 million baht (Greenshoe 15%). 21 – 29 March 2022, minimum order 1,000 baht
It is a mixed fund and a Fund of Funds mutual fund that has a policy to focus on investing in the investment units of the mutual fund. and/or Foreign Exchange Traded Funds (ETFs) can invest in a wide range of assets. both equity Semi-debt, semi-equity Debt instruments, deposits, unit trusts of real estate funds REITs of Real Estate Investment Trusts (REITs) and Infrastructure Fund Unit Trusts The said investment proportion is at the discretion of the fund manager as appropriate for the situation in each period. for the opportunity to generate good returns
Pros of PRINCIPAL GMA Fund is operating under Principal Global Asset Allocation investment philosophy by Principal Asset Management, a leading global asset manager with expertise in asset allocation investment strategies with over 17 years of experience and managing A portfolio of diversified assets of 1649 billion US dollars.
Principal Global Asset Allocation’s investment process consists of three steps. These are 1) Strategic Asset Allocation, using long-term investment principles, analyzing assets to create an investment portfolio with appropriate risk and return; 2) Tactical Asset Allocation using tactical strategies, adjusting portfolios according to short-term situations. Generate returns from economic factors and market inefficiency (Market Inefficiency) and 3) Active Implementation. Analyze the funds that will be held individually to help increase the efficiency of the investment portfolio.
At the same time, it employs an aggressive diversification strategy that is always ready to change or Dynamic Asset Allocation, focusing on investments in mutual funds and ETFs around the world, providing an investment framework that covers all assets for opportunities to create superior performance. Benchmark and risk adjusted returns, and portfolio management with a mix of goals and long-term asset valuations. and generate steady cash flow
