How Much Does Asset Allocation Matter Anymore? 資產配置還重要嗎？ by Charles Cheng, CFA 鄭又銓, CFA     As we approach the ninth year of this global equity bull market and with bond yields still at extremely low levels, the effectiveness of t […]

Are Markets Too Complacent? 市場情緒是否過於自滿？ by Charles Cheng, CFA 鄭又銓, CFA     In our previous letter, we discussed how we are probably yet not close to the end of the current economic upcycle. Financial markets seemingly have also ta […]

Why the credit cycle matters for every type of investor 為何信貸週期對於各類型投資者都至關重要 by Charles Cheng, CFA 鄭又銓, CFA   As we approach close to ten years since the last major economic downturn, and with world stock markets at historical highs, th […]

Actively Passive or Passively Active? 主動地被動還是被動地主動？ by Charles Cheng, CFA – Clarity Investment Partners 鄭又銓, CFA -可承資本 。   A longtime investing trend that is accelerating is the shift of investors from actively managed funds to p […]

Trending Up (But for How Long)? 上升的經濟（將持續多久）？ by Charles Cheng, CFA – Clarity Investment Partners 鄭又銓, CFA -可承資本   Despite the volatile political situation in several countries around the world, the global economy has been resili […]

Making Sense of the Dollar 了解美元對投資的意義 by Charles Cheng, CFA – Clarity Investment Partners 鄭又銓, CFA -可承資本   As the world’s reserve currency, the US Dollar’s movements can have a widespread impact on investors all over the world, e […]

Gold, Inflation, Rates 黃金，通脹，利率 by Charles Cheng, CFA – Clarity Investment Partners 鄭又銓, CFA -可承資本   With stocks at multi-year highs and bonds with low yields in what looks to be a rising interest rate environment, increasing att […]

How much should we worry about Stagflation? 關於滯漲我們要擔憂多少？ by Charles Cheng, CFA – Clarity Investment Partners 鄭又銓, CFA -可承資本   Heading into 2017, there are a couple of major uncertainties confronting investors. After years of slug […]

Trump’s effect on the economy 川普對於經濟的影響 by Charles Cheng, CFA – Clarity Investment Partners 鄭又銓, CFA -可承資本   On November 8th, Donald Trump won a upset victory in the US Presidential election. Many investors are now trying to figu […]

More on the Upcoming US Election 再來談一談即將到來的美國大選   by Charles Cheng, CFA – Clarity Investment Partners 鄭又銓, CFA -可承資本   The upcoming US election is perceived as biggest source of potential market volatility in the near term. […]

How Scenario Analysis Can Help Save Your Portfolio 情景分析模型如何為你的投資組合保駕護航   by Charles Cheng, CFA – Clarity Investment Partners 鄭又銓, CFA -可承資本   As 2016 is winding down, we are reminded of past events with current or upcoming a […]

The Upcoming US Election and the Market 即將到來的美國大選和市場 by Charles Cheng, CFA – Clarity Investment Partners 鄭又銓, CFA -可承資本   Last month we wrote about the difficulties of trying to invest based on predicting the outcomes of major ev […]