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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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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
Geopolitical volatility remains a primary driver of market uncertainty, shifting focus from trade wars to resource sovereignty and regional instability. Macro data continues to surprise on the positive and corporate earnings guidance remains supportive.
Europe Overweight
German factory orders unexpectedly rose 7.8% in December, the fastest pace in two years and the fifth monthly gain. A rebound in industrial activity is seen as crucial for a sustainable recovery in Europe’s largest economy, boosted by the massive infrastructure stimulus package. We expect close to halve of Germany’s GDP growth in 2026 will be boosted by additional fiscal stimulus. On the other hand, Euro-area wages growth is set to quicken in 2026 as the European Central Bank ("ECB") wage tracker predicts the wage growth to reach 2.7% by end of this year, supporting the ECB’s view that interest rates can remain steady.
Japan Overweight
Prime Minister Takaichi's Liberal Democratic Party secured a historic landslide victory, winning two-thirds supermajority in the lower house of parliament. The supermajority allows Takaichi to potentially amend Japan's pacifist constitution, more effectively pushing ahead with more aggressive economic measures, expanded fiscal spending and a sales tax cut within this year. Inflation was 2.4% in December 2025, while Bank of Japan may need to continue raising its benchmark rate to complete monetary policy normalization as Japan is still in an inflationary phase.
Asia Overweight
The Asian market is brimming with potential. A declining U.S. rate trajectory and a weaker dollar lower financing costs and currency risks, while the de-dollarisation trend buoys fund inflows. Chinese Mainland, South Korea, and Taiwan hold a competitive edge in AI development, presenting even more appealing valuations than the U.S.. Overall, the growing global demand for AI is expected to enhance Asia's dominant position in the tech supply chain.
U.S. Neutral
U.S. Fed held rate unchanged in January Federal Open Market Committee ("FOMC") meeting amid solid economic growth, labour market stabilization and a modest elevation of inflation above the 2% target. Most FOMC members appear in no rush to resume rate cuts until inflation declines and unemployment weakens meaningfully. U.S. economy may be entering into a phrase of "jobless growth" without proportional labor demand.
Hong Kong & Chinese Mainland Neutral
Chinese Mainland 's economic data is mixed. While the trade surplus hit a record high, both retail sales and factory output fell short of expectations. Uncertainty in the real estate market has also weighed on investor confidence. The Central Economic Working Conference has called for the continuation of existing monetary and fiscal policies, with the boosting of domestic demand, including driving consumption and investment as the top priority for 2026.
Bonds Underweight
U.S. President Trump nominated Kevin Warsh for the next Fed Chair and Warsh’s past comments indicate he may be more hawkish on balance sheet reduction but dovish on policy rates. This added to the resumption of curve steepening trade.
 

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

 Retirement Calculator
Retirement Calculator

This "Retirement Calculator" assists you in calculating the amount you need for retirement, helping you plan for your future

 
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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.