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Here's how key Endowus Portfolios performed in April
By Endowus Insights  •  May 15, 2024

The rebound

Chinese equities have rebounded, reversing the first-quarter downturn with a 6.5% gain in the MSCI China Index (in local currency terms) in April, outperforming most other major markets.  This recovery was fueled by several positive developments, particularly in the real estate sector. For one, a major developer reached an agreement to restructure its overseas debt and also, the Chinese authorities updated their policies to ease home purchase restrictions and lower mortgage rates. Although no single announcement can completely shift market sentiment, this collection of favourable news has significantly bolstered investor confidence. Adding to the positive sentiment, Chinese government entities have been actively purchasing mainland stocks to stabilise the domestic market, while global investors are starting to return to Chinese equities after a period of selldown amid geopolitical and policy concerns. China’s State Council pledged to improve capital markets, through controlling IPO supply, encouraging dividend payouts, and enhancing corporate...
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By Endowus Insights
Headquartered in Singapore, Endowus is the first and only digital advisor for CPF, SRS, and cash savings, helping everyone invest holistically, conveniently, and with expert advice at the lowest cost possible.
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