Webinar: Securing Passive Income In Uncertain Times

This webinar is brought to you by Endowus in partnership with Goldman Sachs Asset Management and Manulife Investment Management.

Watch the webinar replay

‍About the session‍

In today’s economic environment, income investors may wonder how they can secure a consistent stream of passive income in these uncertain times.

Investors are watching if bonds are still set to deliver favourable returns in the second half of this year. They are also looking closely at whether equity income investing will continue to deliver a steady stream of dividends. This comes amid an unclear rate hike path in the second quarter of 2023, as central banks work to fight inflation in a time of weak economic growth.

In this dynamic environment, how can income-seeking investors navigate these macroeconomic challenges successfully?

Endowus warmly invites you to an exclusive webinar with experts from leading income fund managers — Alvin Ong, CFA, CESGA, Managing Director, Head of Fixed Income, Singapore, Manulife Investment Management; and David Copsey, Executive Director, Goldman Sachs Asset Management — as well as Sean Wong, Head of Investments, Endowus. Find out what’s next for income investors amid this turbulent time, as the speakers discuss:

• Challenges faced by investors seeking consistent income and returns
• Analysing market surprises, including central bank actions and heightened inflation
• Strategies to navigate market uncertainties and generate reliable income

There will be a Q&A segment at the end of the session. Submit your questions ahead of time here.

Chapters

• ‍00:00 – Introduction
• ‍08:00 – What is income investing?
• ‍09:22 – How to invest for income?
• ‍12:39 – Equities rally despite central bank tightening
• ‍17:35 – Global growth is expected to underperform
• ‍24:44 – Asian central banks are close to end of the monetary tightening cycles
• ‍26:16 – Growing expectations of Fed fund rates to peak this year
• ‍29:00 – Singapore’s growth and economic outlook remains challenged
• ‍33:36 – While bonds are appealing, equities remain key to combating inflation
• ‍38:36 – What income investors should know when building an income portfolio
• ‍41:50 – Increasing exposure to Government and Investment Grade Bonds
• ‍45:51 – What is the value proposition of Asian bonds?
• ‍47:53 – Most Asian markets are now of investment grade quality
• ‍52:11 – Asian dollar bonds can be more resilient to external shocks
• ‍57:20 – Q&A: Will interest rates remain higher for longer?
• ‍1:00:00 – Q&A: How will the magnificent seven perform through the rest of the year?

‍‍‍About the speakers

Alvin Ong, CFA, CESGA, Managing Director, Head of Fixed Income, Singapore, Manulife Investment Management

Based in Singapore, Alvin is managing director and Head of Fixed Income, Singapore. He is responsible for managing Singapore-based fixed income assets.

Alvin joined the firm from AXA Investment Managers (Hong Kong), where he was portfolio manager for Singapore dollar, Japanese yen and Hong Kong dollar fixed income portfolios. He began his career with the Monetary Authority of Singapore, where he managed global credit as well as Japanese yen fixed income portfolios. He was also ranked as one of the most astute investors in Singapore Bonds by The Asset Benchmark Research for five consecutive years since 2018.

Alvin holds a Bachelor of Electrical and Electronic Engineering from the Nanyang Technological University. He is a CFA charterholder and an EFFAS Certified ESG Analyst. Alvin has completed studies in Corporate Sustainability at NYU Stern and University of Cambridge as well as courses in Responsible Investment at the PRI Academy.

David Copsey, Executive Director, Multi-Asset Solutions (MAS) Group, Goldman Sachs Asset Management

‍David is an Executive Director within the Multi-Asset Solutions (MAS) Group in Goldman Sachs Asset Management (GSAM), based in London. The MAS Group provides multi-asset class products and solutions for institutional and individual investors, focusing on customized asset allocation, tactical implementation, risk management, and portfolio construction.

David Joined Goldman Sachs in 2008 in the Operations Division, supporting the Private Wealth Management Business. He then moved to a role in the Portfolio Control and Analysis team, working alongside the Institutional Business. In 2010 David moved to a role working in the UK Institutional Sales team where he was responsible for new business and managing existing relationships with UK and Irish corporate pension schemes.

David graduated from Loughborough University with a BA in international business, having spent his penultimate year working for the Goldman Sachs Private Bank AG in Zurich, Switzerland.

Sean Wong, Head of Investments, Endowus‍

Sean Wong is the Head of Investments of Endowus, a leading digital wealth platform in Asia.

Sean oversees Endowus’ advisory and investment solutions, and leads the investment office in optimising portfolio strategies and fund selection to drive growth. Sean also focuses on developing strategic relationships with fund management companies, broadening the range of investment solutions and market innovations in the sector.

Prior to his current role, Sean was an Executive Director in the Investment Management Services (IMS) team at Morgan Stanley Private Wealth Management Asia, serving as their Head of Offerings. In this role, Sean was responsible for the identification, selection, due diligence, as well as sales and distribution of all fee-based products and discretionary portfolio offerings to the firms’ Wealth Management clients.

Sean has over 14 years of experience in the wealth management industry, having started his career with BBR Partners, LLC, where he focused on developing integrated investment solutions for ultra-high-net-worth individuals and families.

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