洞察力
获取最新资讯、专家分析及市场展望，抢先洞察行业动态。
新闻中心
富亚与大学生分享集体投资计划洞察
2025 年 8 月 26 日上午，富亚资产管理 ( 柬埔寨 ) 有限公司 . 代表参加了由爱喜利达证券有限公司 (ACLEDA Securities Plc.) 主办、柬埔寨证券交易监管机构 (SERC) 、柬埔寨证券交易所 (CSX) 及亚欧大学 (AEU) 支持的 “ 智慧投资 ” 培训课程。 在富亚管理层批准下，公司法务与合规官员 Taing Hoy 先生 作了题为《集体投资计划》的专题演讲，向学生介绍了与柬埔寨证券行业相关的最新投资知识，普及了集体投资工具的理念及实践应用。 本次培训旨在提升大学生的金融素养，培养良好的储蓄习惯，并推动理性、智慧的投资理念，为未来投资实践打下坚实基础。
塑造柬埔寨金融未来：来自行业领袖的洞察
2025 年 8 月 22 日的最新研讨会汇聚了行业领袖，分享对塑造柬埔寨金融行业发展关键议题的专业见解。 富亚首席执行官 Eric Loo 先生 发表了题为《成功推出柬埔寨首支公募基金对国家经济及金融体系的重要意义》的演讲。他强调了富亚作为市场先行者的影响力，分享了推出该国首支公募基金所面临的挑战，以及公司在行业设立的高标准，确保透明度、安全性及投资者信心。他还指出该基金带来的经济效益，如吸引新投资机会，以及集体投资计划 如何支持项目和中小企业推动增长。他的观点凸显了创新和勤勉在建设强大金融体系、增强经济及投资环境方面的重要性。 随后，碉堡信托有限公司 (StrongHold Trustee) Hans Chen 先生 介绍了公司业务，并阐述了受托服务的重要性，强调其在确保集体投资计划管理的安全性、透明性和信任度方面的关键作用。 最后， Zhang Dazhi 先生 分享了柬埔寨企业合规方面的专业经验，探讨企业有效管理风险的实践策略，包括合理税务规划、通过环境影响评估实现可持续增长、准确报告及遵守监管要求，为企业应对不断变化的合规环境提供指导。 这些讨论集中体现了行业专家在建设更强大、更具韧性及前瞻性的柬埔寨金融生态系统方面的共同努力。
富亚在全国投资工具研讨会上发挥关键作用
2025 年 8 月 14 日，富亚资产管理 ( 柬埔寨 ) 有限公司参与了以 “ 证券行业的投资工具与融资理解 ” 为主题的重要全国性研讨会。该活动在柬埔寨国家社会保障基金 (NSSF) 总部举行，由柬埔寨证券交易监管机构 (SERC) 与国家社会保障基金联合主办，并得到柬埔寨证券交易所 (CSX) 、爱喜利达证券有限公司 (ACLEDA Securities Plc.) 、富亚资产管理 ( 柬埔寨 ) 有限公司及 Gold Financial Global Investment Co., Ltd. (GFG) 的支持。研讨会汇聚了 150 多名参与者，包括政府官员及金融专业人士。 国家社会保障基金副总干事 Kim Keoreaksme 阁下 对柬埔寨国家社会保障基金卡在帮助民众支付医院账单和医疗费用方面所产生的积极影响表示赞赏，同时重申柬埔寨国家社会保障基金致力于为会员提供关键的社会保障和金融服务。他还强调了投资机会在补充社会保障、确保长期可持续发展方面的重要性。这些讲话反映了高层政府领导的高度支持与认可，凸显了富亚与柬埔寨国家社会保障基金合作在推进国家福祉和长期经济增长方面的战略意义。 富亚首席执行官兼执行董事 Eric Loo 先生 在研讨会上展示了公司作为柬埔寨新兴基金管理市场先锋的角色。他的愿景和领导力推动了新基金项目的发展，并奠定了富亚在市场上的先行者地位。新加坡董事会成员 Low Hon-Yu 先生 和 Christopher Wong 先生 也出席活动，全力支持这一重要的国家级工作。这种本地领导力与全球专业经验的结合，正是富亚的独特优势所在。 富亚在推动市场发展方面的承诺得到了高度认可。柬埔寨皇家政府代表兼柬埔寨证券交易监管机构总干事 Sou Socheat 阁下 对富亚在研讨会成功举办及投资者教育和市场发展方面所作出的贡献表示高度赞赏。这一高层认可凸显了富亚在建设信任、传播金融知识及促进柬埔寨金融生态系统发展的关键作用。 富亚企业经理 Nhem Sopaul 先生 进行了题为《集体投资计划 (CIS) 》的演讲，将复杂的金融概念以通俗易懂的方式向柬埔寨国家社会保障基金官员讲解。他阐述了这些基金如何为普通柬埔寨民众提供有纪律性、分散化的投资机会，体现了公司赋能投资者的使命。 富亚在教育和创新方面的开创性工作在研讨会上引发了广泛关注，并带来了强有力的交流与合作，多位高管对我们的基金表现出兴趣。这表明公司在引领柬埔寨投资市场的努力正取得显著成效，巩固了富亚作为值得信赖市场领导者的声誉。 凭借卓越的领导力和全球专业经验，富亚秉持使命：让投资更易获得、提升金融素养，并在塑造柬埔寨金融未来中发挥变革性作用。
柬埔寨资本市场评估及融资活动
2025 年 7 月 11 日，富亚资产管理 ( 柬埔寨 ) 有限公司 . 荣幸参加在金边凯悦酒店举办的国际金融公司 (IFC) 资本市场评估及融资活动。本次高层次研讨会汇聚了柬埔寨金融领域的关键利益相关方，包括基金管理机构、保险公司、监管机构及银行，共同探讨加强国家资本市场的策略。 会议讨论的核心议题是如何开拓新的资本筹集机会，特别关注发展柬埔寨债券市场，作为推动长期投资和可持续经济增长的重要工具。 出席活动的富亚代表包括富亚资产管理私人有限公司 ( 新加坡 ) 首席执行官 Aaron Ng 先生 ，以及富亚资产管理 ( 柬埔寨 ) 有限公司业务经理 Jevin Loo 先生 。在活动中，高级代表们与国际金融公司 (IFC) 官员进行了深入交流，介绍了富亚的核心使命，并展示了如 “K-Fund” 计划等重点项目 —— 该集体投资计划专注于农业，赋能当地农民，助力可持续发展，契合研讨会的战略愿景。 国际金融公司代表对富亚的愿景和持续努力给予高度认可与关注。这些互动为未来潜在合作奠定了基础，并为公司在柬埔寨快速发展的投资环境中开启了新的战略机遇。 此次活动标志着富亚在连接全球资本与本地机会、推动柬埔寨金融生态系统发展方面的重要里程碑，公司将继续以创新、透明和包容为原则，支持国家金融市场的可持续成长。
富亚在Preah Kossamak理工学院举办集体投资计划 研讨会，推广智慧投资
2025 年 7 月 8 日上午，富亚资产管理 ( 柬埔寨 ) 有限公司 . 法务与合规官员 Taing Hoy 先生 在 Preah Kossamak 理工学院发表题为《集体投资计划投资策略》的专业演讲。 本次讲座是 “ 智慧投资 ” 培训项目的一部分，由爱喜利达证券有限公司 (ACLEDA Securities Plc.) 主办，柬埔寨证券交易监管机构 (SERC) 、柬埔寨证券交易所 (CSX) 及 Preah Kossamak 理工学院支持，旨在提升学生的金融素养，培养理性投资理念，并推动智慧投资实践。
国家社会保障基金与富亚资产管理 (柬埔寨) 有限公司举行首次投资合作会谈
金边，柬埔寨 — 2025 年 6 月 4 日 作为对国家社会保障体系持续评估的一部分，柬埔寨国家社会保障基金 (NSSF) 与富亚资产管理 ( 柬埔寨 ) 有限公司 . 举行了首次会谈，探讨潜在的投资合作机会。 富亚代表团由首席执行官兼执行董事 Eric Loo 先生 率领，会议特别邀请了来自新加坡富亚资产管理私人有限公司 (BAMPL) 的两位董事会成员出席并主持。 柬埔寨国家社会保障基金的核心目标包括提升柬埔寨公民的社会保障福利，确保基金的审慎管理，并积极参与国家发展项目。会议讨论重点围绕富亚的投资产品和服务，及其与社会保障基金投资的潜在关联性。 双方对本次初步会谈表达了高度热忱，认为这是加深彼此了解、建立战略合作关系的宝贵机会。柬埔寨国家社会保障基金代表对富亚积极主动的工作态度及多元化投资组合给予肯定，并认可双方合作可能为强化柬埔寨社会保障体系带来的重要价值。 会议在双方明确建立未来投资合作伙伴关系的承诺下圆满结束，期待双方在不久的将来展开进一步合作。
在磅湛省成功举办集体投资计划培训
磅湛省，柬埔寨 — 2025 年 5 月 30 日 由爱喜利达证券有限公司 (ACS) 主办、富亚资产管理 ( 柬埔寨 ) 有限公司支持的 “ 集体投资计划 、投资 ” 培训在磅湛省国家大学顺利举办，为参与者提供了宝贵的投资洞察与实践机会 富亚资产管理 ( 柬埔寨 ) 有限公司运营官 Veasna Monireach 先生 主持了此次培训，深入讲解了集体投资计划的原理、优势与风险，并分享了个人参与此类集体投资工具的方法。培训旨在提升参与者的金融素养，帮助他们掌握做出明智投资决策所需的知识与技能。 培训活动反响热烈，参与者积极参与讨论与问答环节，展现出对投资策略的浓厚兴趣。本次活动体现了爱喜利达证券有限公司与富亚资产管理 ( 柬埔寨 ) 有限公司在推动柬埔寨社区金融教育与发展的坚定承诺。
富亚亮相2025年DMUC职业博览会
我们很荣幸参与了 2025 年柬埔寨 De Montfort 大学 (DMUC) 职业博览会。这一充满活力的活动汇聚了 80 多家来自银行、医疗、酒店、非政府组织、教育及科技等行业的领先机构。 富亚资产管理 ( 柬埔寨 ) 有限公司团队与学生、应届毕业生及求职者进行了深入交流，分享了基金管理和理财规划的专业见解，并探讨了非银行金融行业的职业发展路径。我们的展位氛围热烈，互动环节丰富，包括问答交流、赠品活动以及一对一职业指导，为有志于塑造柬埔寨金融未来的青年提供了宝贵机会。 我们衷心感谢每一位莅临展位的访客，也感谢 DMUC 提供了如此生动的平台，让雇主与求职者实现有效对接。
柬埔寨首支基金路演2.0在波罗勉省圆满成功
金边，柬埔寨 — 2025 年 5 月 10 日 柬埔寨首支基金认购路演 2.0 第二站于 2025 年 5 月 10 日在波罗勉省 ( Prey Veng province ) 爱喜利达银行 (ACLEDA Bank Plc.) 顺利落幕。 此次活动由富亚资产管理 ( 柬埔寨 ) 有限公司与爱喜利达证券有限公司联合举办，并得到当地多个爱喜利达银行分行 ( 包括 Pea Reang 、 Svay Antor 及 Peam Ro) 的支持。 富亚对所有参与者的积极支持表示感谢，活动旨在向更广泛的柬埔寨投资者介绍富亚亚洲股票基金 (BAEF) 。 在波罗勉省活动圆满成功后，路演将在 5 月和 6 月继续前行，将更多投资机会带到柬埔寨各省份。
市场展望
2026 September Market Outlook: Navigating Market Divergence
The Fed maintained a restrictive, data-dependent stance through August and subsequently raised the federal funds target range by 25 basis points to 3.75-4.00% citing persistent inflationary pressures. Updated projections point to the possibility of one further increase in 2026. Elevated long-dated US Treasury yields continue to present a valuation risk particularly for growth, technology and AI-related companies, whose expected cash flows lie further in the future. At the same time, continued corporate earnings delivery and investments in strategic technologies along the tech supply chain have so far helped the global economy absorb tighter financial conditions. Strong earnings guidance from major global technology companies supports the view that investment in data centres, advanced chips and supporting infrastructure remains resilient. Within Asia, performance has diverged meaningfully across countries. Singapore remains the region’s defensible market, with strong banking profitability and wealth management inflows attracting investor interest amid global uncertainty. Taiwan and South Korea’s technology sector continues to be major beneficiaries of surging AI-related demand. On the other hand, confidence towards China’s and Indonesia’s growth outlook remains fragile. China’s slow economic momentum is a result of a weak property market and slow domestic consumption, while Indonesia’s commodity price normalisation and concerns over capital outflows weigh on sentiment. Against this backdrop, maintaining well-diversified exposure across geographies and themes remains important. We continue to be highly selective in stock selection, adhering to a disciplined, bottom-up approach to portfolio construction that prioritises quality and resilience to macroeconomic uncertainty.
2026 August Market Outlook: Navigating Volatility
Concerns around the durability of AI-related capital expenditure and intensifying competition triggered a sharp sector sell-off after a mid-July peak. Investor sentiment turned more discerning on the back of earnings season, and questions arose regarding how sustainable the AI investment pace is without eating into cash generation. Capital rotated out of semiconductors and into energy, financials and value stocks, shifting to markets and names seen as less exposed to a single-theme correction. Layered on top was renewed Middle East escalation and its effect on rates expectations. Brent crude spiked back above $100/barrel intermittently after the US reinstated a naval blockade on Iran and announced plans to impose a levy on cargo transiting Hormuz, although the levy was never implemented. This revived inflation concerns and caused markets to price a reduced likelihood of further Fed easing. Elevated US bond yields further weighed on stocks. Looking ahead, renewed conflict or another AI-related pullback could swiftly unwind recent sentiment gains and force a repricing of both rates and earnings expectations. Against this backdrop, we continue to favour a diversified, bottom-up approach that balances exposure to structural AI and technology themes with quality, less crowded names to weather through volatility.
2026 July Market Outlook: Navigating Crosscurrents
Central banks broadly maintained a data-dependent stance through the period and remained watchful even as global energy-driven inflation eased. The Federal Reserve reaffirmed its commitment to price stability even as growth prospects softened, while the European Central Bank similarly balanced improving headline inflation against still-elevated services prices. Closer to home, the Monetary Authority of Singapore raised its 2026 core inflation forecast on concerns that persistent price pressures could dampen household spending. The Hormuz disruption has driven inflation fears that outweigh traditional safe-haven demand. Gold and silver have moved in an unusual, counterintuitive pattern, falling rather than rallying as fighting escalated. In equities, investor sentiment shifted markedly as the AI-led rally that dominated the first half of the year gave way to a bout of volatility, prompting some rotation into value and cyclicals. Asian equities showed sharp dispersion rather than uniform resilience. In July 2026, Hong Kong’s Hang Seng emerged as the standout performer on continued strength in Chinese technology and AI names, while South Korea’s Kospi and Japan’s Nikkei slipped from June’s rebound as the memory-chip optimism and AI trade cooled. Looking ahead, markets remain caught between two competing narratives, a genuine easing of geopolitical and energy-driven inflation pressure, against the risk of renewed hostilities or a resurgence in AI-related volatility, which could quickly reverse recent gains in sentiment and reprice rate expectations. Against this backdrop, we continue to favour a diversified, bottom-up approach that balances exposure to structural AI and technology themes with quality, less crowded names to weather through volatility.
2026 June Market Outlook: From AI-Led Momentum to Persistent Uncertainty—A Disciplined Path Forward
Stronger than expected inflation in the US led newly installed Fed Chair Kevin Warsh to reinforce expectations that any rate cut is more likely in late 2026 or into 2027. Despite this hawkish view, US equities pushed to fresh highs, led by technology stocks. This period also saw Space Exploration Technologies Corp.’s (“SpaceX”) record-setting initial public offering, becoming a focal point for risk appetite and growth sentiment, which further amplified market enthusiasm. In the near term, the success of the SpaceX listing is likely to add further liquidity into space, artificial intelligence (“AI”) infrastructure and adjacent sectors. Investor sentiment remains heavily concentrated in AI-related and technology names, and some investors view the Asian market as a way to increase exposure at more attractive valuations than US technology leaders. Strong momentum in Asia is led by Korea, Taiwan and Japan, which play a central role in the AI and memory chip supply chain. On the other hand, China continues to lag even with incremental policy support. In other key markets, UK equities underperformed their peers, and Eurozone technology stocks performed moderately amid weak macroeconomic data, where the pullback in oil prices eased some inflationary pressure. Markets remain highly sensitive to developments in the Strait of Hormuz, where disruptions and the current partial normalisation of shipping through the strait weigh on energy prices and inflation expectations. Against this backdrop, maintaining well-diversified exposure across geographies and themes remains important. We continue to be highly selective in stock selection, adhering to a disciplined, bottom-up approach to portfolio construction that prioritises quality and resilience to macroeconomic uncertainty.
2026 May Market Outlook: From Record Highs to Rising Uncertainty—A Selective Path Forward
Major indices have reached new highs since the March dip. Strong corporate earnings have reinforced investor confidence and sustained the ongoing risk-on rotation into AI-related stocks. The technology sector now represents a larger share on the MSCI Emerging Markets Index than the S&P 500, underscoring the central role of Taiwan and South Korea in the AI supply chain. With inflation still elevated and growth looking uneven across regions, central banks are balancing financial stability and energy-driven price pressures. Expectations for rate cuts have been pushed out or replaced by further tightening of monetary policy. The new Federal Reserve Chair, Kevin Warsh, known to favour rate cuts, faces inflationary pressures in the US economy that work against the dovish narrative, making rate cuts unlikely. Other central banks, such as the Bank of Japan and the European Central Bank have kept its policy unchanged, but with upward revisions to inflation forecasts, investors expect rate hikes this year. Though markets have appeared resilient to geopolitical shocks, the continuation of the Strait of Hormuz blockage can dampen economic activity through supply chain disruption and entrenching inflationary pressures. Against this backdrop, maintaining well-diversified exposure across geographies and themes remains important. We continue to be highly selective in stock selection, adhering to a disciplined, bottom-up approach to portfolio construction that prioritises quality and resilience to macro uncertainty.
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.