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富亚资产管理 (柬埔寨) 参与绿色清洁行动
柬埔寨 · 金边 · 钻石岛 —— 富亚资产管理 ( 柬埔寨 ) 有限公司近日自豪地参与了在钻石岛举行的绿色清洁行动，进一步彰显公司对环境保护与可持续发展的坚定承诺。 本次活动旨在提升公众对维护清洁、绿色公共空间重要性的认知，并鼓励社区积极参与各类环保行动。活动期间，富亚资产管理 ( 柬埔寨 ) 的员工与当地志愿者及社区居民携手合作，开展了包括垃圾清理及环保意识宣导在内的多项实践活动。 此次亲身参与不仅为钻石岛的环境美化作出了积极贡献，也有效向参与者传达了环境保护责任意识，强调了为子孙后代保护自然资源的重要性。 富亚资产管理 ( 柬埔寨 ) 有限公司董事总经理 Ben Lee 先生表示： “ 我们认为，企业责任不仅体现在财务表现上，更体现在对环境的积极守护。通过参与此类活动，我们希望能够激励更多企业共同为建设一个更加清洁、绿色的柬埔寨贡献力量。 ” 本次绿色清洁行动汇聚了多家机构及地方政府代表，充分展现了集体行动在推动可持续发展方面的重要性。富亚资产管理 ( 柬埔寨 ) 的参与，不仅体现了其在金融服务领域的专业追求，也反映了公司在推动环保意识与社会责任方面的长期承诺。 作为企业社会责任战略的重要组成部分，富亚资产管理 ( 柬埔寨 ) 未来将持续参与有利于社区发展与环境保护的相关活动，进一步巩固其作为柬埔寨金融行业负责任企业典范的形象。
富亚资产管理 (柬埔寨) 有限公司与 碉堡信托有限公司携手合作共同推出市场领先的公募投资基金
金边，柬埔寨 —— 富亚资产管理 ( 柬埔寨 ) 有限公司与 碉堡信托有限公司近日举行了隆重的签约仪式，正式确立双方在推出柬埔寨首只公募基金及集体投资计划方面的合作关系。该仪式由柬埔寨证券交易监管机构 (SERC) 总干事 Sou Socheat 阁下亲自主持，并有多位监管机构官员出席见证。 在获得柬埔寨证券交易监管机构最终批准后，此项合作将成为柬埔寨金融服务行业的重要里程碑，为零售投资者提供除传统银行存款之外的全新投资选择。该基金将由富亚资产管理 ( 柬埔寨 ) 有限公司担任基金管理人，碉堡信托有限公司 出任受托人，而新加坡富亚资产管理私人有限公司则担任投资顾问。 此次合作将使柬埔寨投资者无需前往香港或新加坡等国际金融中心，即可参与全球资本市场投资。碉堡首席执行官 Hans Chen 先生表示，对基金的推出充满信心，并强调 碉堡将以高度的专业性与丰富的受托管理经验支持该项目。富亚资产管理 ( 柬埔寨 ) 董事总经理 Ben Lee 先生则指出，本基金引入了国际标准的基金管理制度，并为本地基金管理生态系统中的专业人才提供系统化培训。 富亚资产管理 ( 柬埔寨 ) 成立于 2022 年，持有由柬埔寨证券交易监管机构颁发的基金管理牌照，由 Banjaran Holdings Pte Ltd （新加坡）、 Best Magnet Capital Co., Ltd 及 Primo Plus Co., Ltd 共同合资设立。 碉堡信托有限公司是依据《柬埔寨信托法》设立并获全面牌照的首家受托机构，专注于为客户提供量身定制的信托服务解决方案。 此外，新加坡富亚资产管理私人有限公司 (BAMPL) 目前管理资产规模约 50 亿美元，在多元资产类别的投资管理领域拥有深厚经验，进一步巩固了本次基金项目的专业基础。 该公募投资基金的推出，标志着柬埔寨资本市场发展的关键一步，不仅为本地投资者提供了新的财富增长渠道，也为未来金融行业的持续创新与深化奠定了坚实基础。 More News Cambodia Investment Review Securities and Exchange Regulator of Cambodia Trust Regulator
柬埔寨证券交易监管机构 欢迎新加坡富亚资产管理私人有限公司就柬埔寨证券市场进行战略会谈
2022 年 5 月 4 日，金边 为进一步推动柬埔寨资本市场的成长与现代化，柬埔寨证券交易监管机构 (SERC) 总干事、皇家政府代表 Sou Socheat 阁下 ，携同柬埔寨证券交易监管机构 副总干事 Vin Pheakdey 博士阁下 ，于 2022 年 5 月 4 日正式会见了来自新加坡的资产管理公司 富亚资产管理私人有限公司 (BAMPL) 高管团队。访问代表团由富亚资产管理私人有限公司首席执行官 Aaron Ng 先生 与 执行董事 Low Hon-Yu Low 先生 率领。 此次会晤为双方就柬埔寨证券市场的战略合作及潜在商业机会提供了重要平台。 Sou Socheat 阁下 详细介绍了柬埔寨资本市场的监管框架、投资环境及机构基础设施，并强调政府正在进行的改革举措旨在提升市场透明度、保护投资者权益，并确保国际合规，从而使柬埔寨成为具有吸引力的新兴市场。 会谈重点还涵盖了柬埔寨通过丰富金融工具、吸引国内外投资者参与以深化市场发展的举措。富亚资产管理私人有限公司 (BAMPL) 表示出对在柬埔寨开展投资及运营的浓厚兴趣，此举与其亚太区整体战略高度契合，有助于为投资者提供更多元化的市场机会。 Vin Pheakdey 博士阁下 进一步强调了监管合规、稳健风险管理标准及持续投资者教育的重要性，并向富亚资产管理私人有限公司保证，柬埔寨证券交易监管机构将支持有信誉的外资机构在柬埔寨市场负责任地开展业务。 富亚资产管理私人有限公司团队 分享了其业务模式、区域经验及在柬埔寨资本市场的战略愿景，其提出的业务计划，包括基金管理与分销服务，也进行了详细审议。 Sou Socheat 阁下 在会议总结中提供了建设性反馈，概述了获得牌照及运营批准的关键监管要求，并就如何在柬埔寨证券市场建立业务实体提供了实际指导，同时重申柬埔寨证券交易监管机构对认真投资者及合作伙伴的开放态度，鼓励其与柬埔寨的金融发展目标保持一致。 此次会晤体现了柬埔寨推动资本市场发展、增强国际连接的积极姿态，为吸引外资、推动金融产品创新及加速经济长期增长奠定了基础，对本地及国际投资者均具有重要意义。
市场展望
2026 April Market Outlook: From Conflict Shock to Market Strength — What’s Driving the Recovery
Major indices across the countries tumbled in March but abruptly spiked in April upon the announcement of US-Iran peace talks, though the US Navy continues its blockade of the Strait of Hormuz. Record highs in the tech-heavy S&P 500 and strong US corporate earnings reaffirm the market’s resilience throughout the conflict, particularly for demand in technology. Similarly, Asian markets tracked US gains and rallied in April; South Korea’s Kospi and Japan’s Nikkei were also driven by technology related optimism and de-escalation relief. Singapore’s central bank tightened monetary policy while the Bank of Japan cooled rate hike expectations. The situation in China remains mixed with continued weak domestic demand and an ongoing property sector drag, while local banks have outpaced broader market since the war broke out. As markets rebounded and risk sentiment improved in April, we remain highly selective in stock selection while diversifying across markets, maintaining our disciplined, bottom-up approach to portfolio construction.
2026 March Market Outlook: Markets Under Pressure as Geopolitical Tensions Rise
The US-Israel war with Iran has created a delicate balancing act between investing for resilient growth and managing geopolitical volatility. While a "soft landing" remains the baseline for many advanced economies, the landscape has grown more complex following the late-February shocks. On interest rate watch, the US Fed is expected to maintain a "higher-for-longer" stance to counter inflationary pressures from rising energy cost, and to a lesser extent the new 15% global tariffs. Markets are pricing in a sustained "war premium" in energy. With Brent crude hovering near $100, any further escalation in the Middle East could reignite global supply-side inflation, which may lead to extended high-interest-rate environment and hence leading to a sharp global economic slowdown. In China, it has largely stayed away from the Middle East war though it has urged US and Israel to de-escalate and stop its aggression against its ally, Iran. China is amongst the most affected countries by the closure of the Strait of Hormuz, though Iran has allowed some Chinese-flagged oil tankers to transit through. Meanwhile, all eyes are on the implementation of the 15th Five-Year Plan. Success hinges on whether Beijing’s "New Quality Productive Forces" can offset the structural drag of its property sector. After the February technology sector correction and in this current environment of heightened volatility, we remain highly selective in the technology sector while diversifying across markets, maintaining our disciplined, bottom-up approach to portfolio construction.
2026 February Market Outlook: From U.S. Policy Turmoil to Mixed Signals Across Asia
The geopolitical scene in the US has been uncertain and volatile. The January jobs report exceeded expectations, though employment gains were largely concentrated in the healthcare sector. Kevin Warsh, known for his hawkish stance, has been nominated as the next Federal Reserve Chair, though this remains to be confirmed by the Senate. In the past week, the Supreme Court has ruled against President Trump’s International Emergency Economic Powers Act (“IEEPA”) tariffs. In return, the Trump administration acted quickly to impose 10% global tariffs, and immediately raised to 15% that will remain effective for 150 days under a separate trade law. These developments have contributed to a weakening US dollar, which is further exacerbated by rising US-Iran military tensions. Gold extended its rally and reached new highs, while silver surrendered most of its gains. Investors remain cautious amid sharp swings in these traditional safe haven assets. In Asia, market performance has been mixed. Indonesia experienced its largest stock crash since 1998, whereas South Korea and Taiwan delivered strong returns. Markets have shown heightened sensitivity to the external macro environment, resulting in intermittent pullbacks. Most recently, Chinese stocks rose as IEEPA tariffs were removed as China is set to face lower duties on shipments to the US. The Shanghai Composite and Hang Seng indexes also experienced recent declines, as is expected due to thin trading volumes during the Lunar New Year holiday season. Overall sentiment towards Asian equity markets amid the uncertain global political climate remains positive. Against this backdrop, we continue to diversify across different markets and sectors while remaining selective to stock selection, particularly within the technology sector. We continue to maintain a disciplined, bottom-up approach in portfolio construction.
2026 January Market Outlook: A Month That Redirected Market Attention
The New Year began with subdued volatility, but the calm was subsequently shattered by geopolitical events, notably US’s desire to take over Greenland for its strategic Arctic Circle argument. Demand for gold and silver skyrocketed with prices hitting new fresh highs. However, these high precious metal prices can create a range of challenges for precious metal-dependent industries like solar panel makers and EV producers which use silver as part of their components in their production. This may further impact the profitability of the solar panel makers which are already facing an oversupply situation. Asian markets started the year mixed but with some positive moves. Several key themes are driving the markets, central amongst them is a strong Asian IPO pipeline especially in Hong Kong and India. Other country-specific themes that are driving the markets include the deployment of funds from the Equity Market Development Programme in Singapore. The Korean Kospi has exceeded their President’s target, with technology companies fueling the rally on accelerated semiconductor demand. China surprised with an export outperformance with a record 2025 trade surplus, plus resurgent interests in AI-related tech names. While in Japan, performance is mixed where there are concerns with the volatility and soaring yields in the Japanese Government Bonds market. In 2025, US technology stocks dominated investor attention for much of the year, later turning to precious metals commodities. This period also underscored the importance of diversification and currency exposure beyond the US. With growth now amplifying across global markets, moderate softening of the US dollar may act as a drag on returns from US assets. Against this backdrop, we retain our emphasis on broadening exposure to other markets and sectors while being mindful of our stock selection, particularly in the technology sector. We continue to maintain a disciplined, bottom-up fundamental approach in portfolio construction.
2025 December Market Outlook: Protecting Value as Risks Reprice.
The hawkish rate cut signaled the Fed’s caution, even as tariff-related inflation pressures appeared to be fading. November’s jobs report suggested a subdued consumer environment. Unemployment had risen to its highest level since 2021, and retail sales remained unchanged despite Black Friday sales. Though the Trump administration has softened its language on China, recent developments highlight the delicate truce in their trade war. The U.S. has restricted China’s access to technology, such as permitting limited Nvidia chip exports, and formed an international partnership to counter China’s rare earth dominance. Across Asia, the picture remains mixed. The weaker U.S. dollar alleviates pressure on currency weakness in countries like Indonesia, South Korea, India, and the Philippines. The Bank of Japan have responded to the Fed’s rate cut by raising interest rates by a quarter point in a widely expected decision. In China, the economy continues to be supported by sustained capital inflows and the boom in exports while pivoting away from dependence on U.S. consumers. This was in spite of the property sector slump, missed industrial production expectations, weak retail sales, and unchanging unemployment rates. Measures to drive consumption appear ineffective, and rising trade frictions with countries beyond the U.S are weighing on sentiment. Investors are increasingly watchful for signs of an AI-driven bubble, including circular financing risks inflating valuations, where such dynamics could unwind abruptly. Against this backdrop, investors face a strategic dilemma - rein in AI exposure ahead of a potential bubble popping, or double down to capitalize on game-changing technology breakthroughs. In response, we are positioning portfolios defensively and broadening exposure to other sectors. This includes increasing allocations to commodities such as silver and gold, which can serve as stores of value, and consumer staples, that tends to offer more resilient demand. We continue to maintain a disciplined, bottom-up fundamental approach in portfolio construction.
2025 November Market Outlook: AI Bubble Alert
Mega-cap chip making company Nvidia Corp (“Nvidia”) became the first company to hit $5 trillion market capitalisation, likely due to U.S. President Trump’s comments ahead of the trade talk with Chinese President Xi Jinping at the end of October. The talk resulted in a consensus on cooperation in expanding agricultural trade and pausing the rare-earths licensing regime for a year. Mid-November saw the conclusion of the record U.S. government shutdown, which lasted 43 days, and put an end to unpaid furlough and other government operations. Consequently, the October jobs report was cancelled due to insufficient data. The ambiguity around unemployment rates raised uncertainty about the state of the U.S. economy. Compounding concerns were exacerbated by growing anxieties about stretched valuations of an “AI bubble”, which led to a selloff towards the end of November. Similarly, the Asian equity market, primarily due to technology companies in the AI landscape, slumped after an initial rally in the previous month’s end. In the semiconductor space, South Korean company Samsung Electronics Co., Ltd. reported an 80% surge in profit and SK Hynix Inc. continued to lead in chip memory. In China, different industries continue to diverge as technology companies grow while consumption and property remain a drag. In response, China’s policymakers are evaluating various measures to support the housing market. The MSCI Emerging Markets Index fell sharply, and losses were led by the tech heavy Korean Kospi index where the aforementioned Korean companies posted steep declines. Looking ahead, we remain cautious of the volatility in the markets. Due to concerns about inflated valuations for technology companies, the pullback observed in late November may have been a profit taking move or a price correction. Investors remain watchful for indicators of the widely discussed AI bubble, and signals for a potential burst. Against this landscape, we maintain a disciplined and balanced approach, grounded in bottom-up fundamental analysis in our portfolio construction.