The CIO Supertrends Multi Asset Fund is uniquely positioned for 2026, offering diversified exposure across sectors and regions to navigate a more fragmented global order, characterised by geopolitical tensions, policy unpredictability and persistent inflation.

By integrating key structural trends such as AI’s transformative impact, Asia’s technological and sustainability leadership, and demographic-driven lifestyle changes, the fund captures long-term growth opportunities while enhancing portfolio resilience. A strategic allocation to gold further enhances portfolio resilience. Its balanced allocation, not only to equities, but to high-quality credit and alternatives, helps manage downside risks and bolsters income generation.

It is too soon to call an end to the equity bull run than began in 2022. This is even as we expect market volatility to persist amid persistent geopolitical risks, owing to three reasons. First, the global economy today is more resilient to oil shocks versus the 1970s. Second, the correction so far has been driven more by declining price-to-earnings multiples than falling earnings growth estimates. Third, the shift in market expectations from rate cuts to rate hikes is directionally correct but could be overdone. Nevertheless, we favour prudence and diversification. Diversifying equity exposure via high‑quality, defensive credits can be useful in mitigating the risks.

Global markets may have been rattled by a litany of geopolitical shocks since the beginning of 2026, but the Singapore market has held up relatively well against major global indices.

Attractive dividend yields, a resilient Singapore dollar, a strong legal system and fiscal flexibility have attracted investors seeking refuge amid a messy geopolitical landscape. Beyond its defensive appeal, ongoing equity market reforms, improving liquidity and structural themes such as AI infrastructure investment and higher defence spending provide a constructive growth backdrop, albeit one that warrants a selective, active investment approach given elevated valuations.

Global markets may have been rattled by a litany of geopolitical shocks since the beginning of 2026, but the Singapore market has held up relatively well against major global indices.

Attractive dividend yields, a resilient Singapore dollar, a strong legal system and fiscal flexibility have attracted investors seeking refuge amid a messy geopolitical landscape. Beyond its defensive appeal, ongoing equity market reforms, improving liquidity and structural themes such as AI infrastructure investment and higher defence spending provide a constructive growth backdrop, albeit one that warrants a selective, active investment approach given elevated valuations.

Despite near-term risks arising from the US-Iran war relating to energy, Asia’s future growth will be shaped by its relentless pursuit for leadership in technology and sustainability amid geoeconomic fragmentation, environmental changes and demographic shifts. As Asia continues to transform, it is expected to contribute to 60% of global growth by 2030.

The LionGlobal Asia Pacific Fund presents a useful avenue to engage long-term opportunities in this burgeoning region. Harnessing an extensive library of bottom-up insights, the fund invests actively across the Asia Pacific (ex‑Japan) markets, seeking the best ideas without industry or sector bias.

The structural drivers for gold remain intact. Central bank demand, although uneven on a month-to-month basis, continues to reflect broader diversification efforts, and gold’s role as a hedge against geopolitical risk and policy uncertainty remains relevant within diversified portfolios.

LionGlobal Singapore Physical Gold Fund is the nation’s first physical gold fund that is insured and securely vaulted in Singapore. The fund seeks to track, as closely as possible, before fees and expenses (including, but not limited to, hedging costs where applicable), the performance of the London Bullion Market Association (LBMA) Gold Price AM.