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Date
21 November 2020
Title A great opportunity amidst volatility
Moderator Ng Shin Seong
Head, Investment Strategy and Advisory
Standard Chartered Bank Malaysia
Speaker Dylan Ngai

Portfolio Specialist, Fixed Income

Manulife Asset Management
Key Takeaways
  1. 1. Preferred securities are among the few areas within the bond universe that are able to provide potential income above 5% pa. Many of these securities are issued by well established companies; with many of the issuers concentrated in the banking and finance sector. Most of these are issued by the largest financial institutions in the world to strengthen their financial position. Non-bank issuers have lower debt to capital even compared to companies rated Investment Grade from traditional sectors.

                            

2. Preferred securities offer higher income with lower default risk and potentially capital upside. Most of the preferred securities are Investment Grade quality.
                                 

3. Manulife Preferred Securities Income nicknamed “Cham” (local beverage that entail mixing coffee and tea) carries regular income features of bonds and some upside potential linked to equities. It serves as a good addition to clients’ portfolio offering 5.0 – 5.5% p.a. potential income on a quarterly basis in USD and MYR-Hedged. The latter is suitable to alleviate Malaysians that are worried on foreign currency risk notably USD/MYR.

21 Nov 2020 - A great opportunity amidst volatility

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