Endowus H2 2024 Market Insights & Portfolio Performance

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Chapters

• 00:00 – Introduction
• ‍02:33 – Q2 2024 Market Review
• ‍08:15 – Endowus Portfolio Review - Flagship Cash/SRS
• ‍09:46 – Endowus Portfolio Review - Flagship CPF
• ‍11:52 – Endowus Portfolio Review - Factor
• ‍13:02 – Endowus Portfolio Review - ESG
• ‍14:34 – Endowus Portfolio Review - Income
• ‍16:02 – Endowus Portfolio Review - Cash Smart
• ‍17:05 – Endowus Portfolio Review - Satellite
• 19:50 – Interest rates
• 22:49 – Tight credit spread
• 25:28 – Small cap stocks
• 27:48 – US presidential election 2024
• 30:46 – High equity valuations - should you invest now?
• 35:27 – Q&A: Do you foresee a deepening of yield curve while short term rates are lower and US 10-year yields?
• 36:54 – Q&A: What’s the progress for Endowus to bring in US equity funds tracking the QQQ or NASDAQ especially for CPF OA?
• 37:37 – Q&A: What’s the near-term impact of the Crowdstrike incident?
• 39:20 – Q&A: Which sector will benefit from interest rate cuts and how is Endowus tweaking Flagship Portfolios for that?
• 42:58 – Q&A: Performance of the previous and new (July 2024 enhancement) CPF Flagship Portfolios
• 46:06 – Q&A: Do returns of the Income Portfolios include distributions?
• 48:17 – Q&A: What are our views on the large cap vs small cap?
• 49:52 – Q&A: When is a good time to invest in Endowus Flagship fixed income portfolio now that interest rate has peaked?

About the session

2024 is set to be an election year for over 50% of the global population, and the highly anticipated US presidential election is in the spotlight. The quarter closed favourably with positive news on inflation, reigniting the hopes of the Federal Reserve to lower interest rates earlier. In light of these upcoming events, what should investors expect and what are the actions to take next?

During this webinar, the Endowus Investment Office reviews how our portfolios performed in Q2 2024 and offers perspectives on market developments for the rest of 2024. Join our Investment Lead, Yulin Liu and Investment Associate, Kyungju Hong, as they discuss:

1. Whether the US market has truly peaked, and what’s next
2. How key Endowus Portfolios performed in Q2 2024
3. Market insights for the second half of the year

About the speakers

Yulin Liu, Investment Lead, Endowus

Yulin Liu is the Investment Lead at Endowus. Yulin focuses on investment due diligence and portfolio construction, and coordinates with other departments on investment-related matters. She is a member of the Investment Committee and is passionate about making investing more accessible and easier for individuals.

Her most recent role was with AQR Capital Management, where she served major institutional investors across Asia in their investment and portfolio monitoring needs.

Yulin holds a Masters in Financial Analysis (Distinction) from London Business School, and a MEng in Engineering, Economics and Management (First Class Honours) from the University of Oxford.

Kyungju Hong, Investment Associate, Endowus

Kyungju Hong is an Investment Associate dedicated to fund selection and investment management. Her responsibilities include conducting due diligence and monitoring a variety of funds, including long-only and alternatives across multiple asset classes. 

Before joining Endowus, Kyungju gained diverse experience through internships in corporate finance, venture capital, and mezzanine investments. She earned a Bachelor's in Business Management from Singapore Management University (SMU) in 2020.