UTAR Faculty of Accountancy and Management (FAM) collaborated with the Centre for Entrepreneurial Sustainability (CENTS) to organise a webinar titled "Life in the Investment Industry (Asset Management): World Economy and Market Outlook" on 22 March 2021. The webinar aimed to provide an overall picture to the students about life in UOB Asset Management (Malaysia) and for them to consider a career in an investment management company.
Edwin Lee during his talk
The invited speaker was Chief Marketing Officer (CMO) and Senior Director of
UOB Asset Management Edwin Lee Wai Kidd.
He
possesses more than 20 years of experience in various financial industries,
ranging from banking, life insurance, general insurance, unit trust to
capital market.
In his talk, Edwin Lee first introduced UOB Asset Management and talked
about its organisational structure, departments as well as job
opportunities. He then discussed the market outlook with a focus on “3R” for
the year 2021. “The first ‘R’ is recovery. We believe this is a good year
for recovery, especially for economic recovery. The number of COVID-19 cases
across the world is reducing. We see things are much more under control now
in most of the countries,” he said, adding that the world economy is
projected to rebound in 2021 with over 5 per cent of GDP growth.
Elucidating on the second ‘R’—risk-on, he said, “This is a good year for you
to take a bit of risk to invest, especially on the investment with higher
risk. More and more vaccines are rolled out in the world. What we are seeing
is that we are at the first stage of immunisation. We believe that from July
onwards, most of the developed nations will have achieved herd immunity.
When you are expecting the economy to recover very strongly, you should also
expect the corporate profit to rebound. Most of the large companies in the
U.S. will resume back to their normal operation towards the second to the
third quarter of the year.”
“The third ‘R’ that I would like to share with you today is called rotation.
Ever since the crisis took place, back in the first two quarters of 2020,
there had been a fair bit of sharp market rebound. We noticed most of the
markets that rebounded sharply tend to be concerned about the bubbles
created in the market. But the market is not in a bubble,” he said while
explaining that the current market and valuation still lag previous
bubbles.
He also spoke about the United Global Durable Equity Fund and discussed how
Malaysian investors should look into investing in China. He shared about
investment strategies and explained how to invest under “Made in China 2025”
and invest into the tomorrow of China. The four sectors of the strategies he
shared were technology, consumer, clean energy and biotech. He also talked
about the United Global Healthcare Fund and the opportunities that will come
up when economies begin their road to recovery. The webinar ended with a Q&A
session, followed by a group photo session.
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