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Investment Corner

Market Snapshot

(The article is available in Chinese only.)

   

This document is prepared by The Bank of East Asia, Limited (“BEA”) and BEA Union Investment Management Limited (“BEA Union Investment”) for customer reference only. The content is based on information available to the public and reasonably believed to be reliable but has not been independently verified.

Any projections and opinions contained herein are as of the date hereof and are expressed solely as general market commentary and do not constitute an offer of any investment, nor a solicitation, suggestion, investment advice, or guaranteed return to make such an offer. The information, forecasts and opinions contained herein are as of the date hereof and are subject to change without prior notification, and should not be regarded as any investment product or market recommendations. This document has not been reviewed by the Securities and Futures Commission of Hong Kong, Hong Kong Monetary Authority or any regulatory authority in Hong Kong. In addition, this documents has not been reviewed by the Monetary Authority of Singapore.

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All contents of this document have been translated from Chinese into English. If there is any inconsistency or ambiguity between the English version and the Chinese version, the Chinese version shall prevail.

BEA Union Investment is a non-wholly-owned subsidiary of BEA. The Bank of East Asia (China) Limited (“BEA China”) is a wholly-owned, locally-incorporated banking subsidiary of BEA. The Bank of East Asia Singapore Branch (“BEA Singapore”) is one of the BEA’s overseas branches.

The BEA and BEA Union Investment is the MPF scheme provider and the investment manager of the BEA (MPF) Master Trust Scheme, the BEA (MPF) Value Scheme and the BEA (MPF) Industry Scheme respectively. For further details of relevant MPF scheme including the product features, fees and charges, and the risk factors involved, please refer to the MPF Scheme Brochure of the relevant scheme.

 

The videos are available in Traditional Chinese only.

The videos are provided by BEA Union Investment Management Limited ("BEA Union Investment") for information purposes only. BEA Union Investment is not soliciting any action based upon the information or giving any advice or recommendation. Neither the videos nor any of their contents shall be construed as an offer, invitation, advertisement, inducement, undertaking, warranty, or representation of any kind or form whatsoever, and BEA Union Investment hereby expressly disclaims any liabilities in relation thereto. The information contained in the videos is based upon information which BEA Union Investment considers reliable and is provided on an "as is" basis. Whilst every effort has been made to ensure accuracy, neither BEA Union Investment nor any of its Directors/Officers accept any responsibility whatsoever for the accuracy, completeness, or timeliness of the information contained in the videos. The information remains the property of BEA Union Investment. Neither the videos nor any of their contents should be copied or distributed to third parties without the prior written consent of BEA Union Investment.

Investment involves risk. You should consider your own risk tolerance level and financial circumstances before making any investment choices. The unit prices of the funds may go down as well as up. Past performance of the funds is not indicative of future performance. For further details including the product features, fees and charges, and the risk factors involved, please refer to the MPF Scheme Brochure of the relevant scheme.

The videos have not been reviewed by the Securities and Futures Commission in Hong Kong.

Issuer: BEA Union Investment Management Limited

 

The documents are available in Chinese only.


This document is prepared by BEA Union Investment Management Limited for information purposes only. BEA Union Investment Management Limited is not soliciting any action based upon this information, or giving any advice or recommendation. Neither this document nor any of its contents shall be construed as an offer, invitation, advertisement, inducement, undertaking, warranty, or representation of any kind or form whatsoever and BEA Union Investment Management Limited hereby expressly disclaims any liabilities in relation thereto.


The information contained in this document is based upon information which BEA Union Investment Management Limited considers reliable and is provided on an “as is” basis. Whilst every effort has been made to ensure accuracy, neither BEA Union Investment Management Limited nor any of its directors / officers accept any responsibility whatsoever for the accuracy, completeness, or timeliness of the information contained in this document. The information remains the property of BEA Union Investment Management Limited. Neither this document nor any of its contents should be copied or distributed to third parties without the prior written consent of BEA Union Investment Management Limited.


This document has not been reviewed by the Securities and Futures Commission in Hong Kong.


Issuer: BEA Union Investment Management Limited

County/ Region Outlook Overview
Equities Overweight
Global economic conditions remained more resilient than expected, supported by stronger than expected corporate earnings, supportive liquidity conditions, and stabilized earnings revisions. Softer inflation and moderating labour markets suggest policy rates are nearing their peak, reducing the risk of further financial tightening. While geopolitical tensions remain elevated, they have yet to meaningfully disrupt the broader global expansion.
U.S. Overweight
U.S. equities experienced sector rotation during the month of July, with Energy and Financials benefiting from higher energy prices, resilient earnings and continued economic expansion. In contrast, technology and semiconductor stocks saw profit-taking amid concerns over the sustainability of AI-related capital expenditure. Economic data indicated a softer labour market and slower GDP growth, while the Federal Reserve maintained its policy rate unchanged.
Japan Slightly Overweight
Japanese equities delivered mixed performance in July, with Financials, Industrials and value sectors outperforming, while semiconductor and AI-related stocks lagged. Japan’s economy expanded in the second quarter and manufacturing activity remained resilient. The Bank of Japan kept interest rates unchanged, while some policymakers highlighted potential inflation risks.
Asia Slightly Overweight
Asian markets continue to benefit from the strong growth in global AI investment and capital expenditure. The durability of AI-related spending, combined with supportive government policies across the region, underpins our constructive view on Asian equities.
Europe Neutral
European equities remained resilient, supported by solid corporate earnings and improving economic activity. Market leadership shifted toward cyclical and value sectors, with Financials and Energy outperforming Technology. Eurozone GDP growth accelerated in the second quarter, while manufacturing activity improved. Inflation edged higher. European Central Bank left interest rates unchanged while monitoring inflation and energy price developments.
Hong Kong & Chinese Mainland Underweight
Chinese Mainland’s economy lost momentum in July, with weaker activity across manufacturing, services and construction sectors. Industrial production growth slowed, while high-tech manufacturing remained resilient. Fixed-asset investment weakened, weighed down by a decline in property development investment. Markets expect further fiscal and monetary support measures to stabilize growth.
Bonds Underweight
U.S. Treasury yields moved higher in July, with the yield curve steepening amid renewed U.S.-Iran tensions, rising oil prices and evolving interest rate expectations. The Fed maintained a relatively dovish stance, while Market reacted by pricing a lower chance of a rate hike at the next FOMC meeting in September.
 

The documents are available in Chinese only.


This document is prepared by BEA Union Investment Management Limited for information purposes only. BEA Union Investment Management Limited is not soliciting any action based upon this information, or giving any advice or recommendation. Neither this document nor any of its contents shall be construed as an offer, invitation, advertisement, inducement, undertaking, warranty, or representation of any kind or form whatsoever and BEA Union Investment Management Limited hereby expressly disclaims any liabilities in relation thereto.


The information contained in this document is based upon information which BEA Union Investment Management Limited considers reliable and is provided on an “as is” basis. Whilst every effort has been made to ensure accuracy, neither BEA Union Investment Management Limited nor any of its directors / officers accept any responsibility whatsoever for the accuracy, completeness, or timeliness of the information contained in this document. The information remains the property of BEA Union Investment Management Limited. Neither this document nor any of its contents should be copied or distributed to third parties without the prior written consent of BEA Union Investment Management Limited.


This document has not been reviewed by the Securities and Futures Commission in Hong Kong.


Issuer: BEA Union Investment Management Limited

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Risk Tolerance Self-Assessment Questionnaire

Everyone has their own investment comfort zone and the challenge is to strike a balance among the various investments that will satisfy your personal circumstances. To help you find out more about your investment style, we have created this straightforward risk tolerance self-assessment test. By considering your personal circumstances, financial status, attitude towards investment, and certain objective factors which reflect your tolerance to risk, you may discover more about your investment needs.