How fund picker are playing multi-assets - Interview with Daryl Liew, Senior Portfolio Manager, Reyl Singapore

Citywire Asia - 01.10.2014

THE END OF EASY MONEY

 

EASY MONETARY CONDITIONS IN THE US HAVE LONG DOMINATED THE INVESTMENT CLIMATE, BUT AS THIS ERA DRAWS TO A CLOSE, DARYL LIEW IS PREPARING FOR THE IMPACT ON GLOBAL MARKETS

 

 

ROLE

I am a discretionary portfolio manager in charge of managing bespoke investment portfolios for clients. This includes making asset allocation decisions and selecting instruments (from funds to individual securities). I also provide coverage on Asian stocks for Reyl.

 

THE BIGGEST EVENTS OF 2014

The major event so far in 2014 that has caused a relook into our processes was the sharp reversal in momentum strategies in March this year which caused a number of managers to underperform. The speed and magnitude of the move caught many fund managers by surprise.

 

HOW WILL THESE AFFECT YOUR INVESTMENT PROCESS?

Yes, from a due diligence process, it caused us to relook at how we assess the risk management processes of fund managers.

 

WHAT DO YOU SEE AS THE BIGGEST MARKET OPPORTUNITY IN THE NEXT 6 MONTHS?

l've been positive on Chinese for quite a while now, and believe that a number of catalysts that could potentially lead to a strong rally in Chinese stocks for the next several months.

 

WHAT DO YOU SEE AS THE BIGGEST MARKET CHALLENGE IN THE NEXT SIX MONTHS?

l'm concerned about the impending reversai of easy monetary conditions in the US and the potential impact it will have on emerging markets.

 

IF VOU COULD CHANGE ONE THING ABOUT THE INDUSTRY OVERNIGHT, WHAT WOULD IT BE?

Aligning financial incentives for fund managers and distributors to truly act in their clients' best interests.

 

Interview with Daryl Liew, Senior Portfolio Manager, Reyl Singapore


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