Research Articles

Traditional, IUL, or Legacy Plans: Which Is Right For Your Legacy Goals?
Life insurance can be more than just protection, it can also be a powerful tool for preserving and passing on wealth. In this article, we explore three approaches to legacy planning and how each may help you achieve your long-term legacy goals.

Credit Update: Deutsche Bank sustains earnings momentum; credit profile remains sound
Deutsche Bank delivered another solid quarter in 2Q26, supported by strong Investment Bank revenues. We remain constructive on its credit profile given comfortable liquidity and capital buffers.

FSM Global Recommended Funds List 2026/27: Discover the Best-In-Class Equity Funds
Our annual Recommended Funds List is back. Here are the key changes to the equity lineup — and the investment opportunities we believe investors should watch.

UltraGreen.ai 1H26: ICG franchise remains strong, but US competition clouds the outlook
Strong international ICG growth and resilient margins underscore the quality of UltraGreen.ai’s franchise, but the US market faces a meaningful competitive challenge. The pace and severity of generic-driven pricing pressure will determine how much of that underlying strength translates into future earnings growth.

New issue: Maybank 5Y USD bond at 5.3% IPG
Maybank’s new 5Y USD bond offers solid credit quality and capital strength, but limited yield pickup versus shorter-dated Malaysian bank peers.

Newly Issued Bond: Toyota Tsusho America USD Bond ; IPG : 5.5%
Toyota Tsusho America plans an A-rated 5-year USD bond at ~5.5%, refinancing Radius acquisition debt; higher leverage is offset by strong earnings and coverage.

FSM Global Recommended Funds List 2026/27: Our top choices for Bond and Balanced Funds!
We highlight our 14 Bond and 2 Balanced Fund picks for 2026/27, including two new recommendations in Global and Emerging Market Bonds!

Open for Subscription: AMOVA ASIA CREDIT INDEX ETF
Online subscription for the ETF is now open during the Initial Offer Period (IOP) online from 9 September 2026 till 23 September 2026, 11:00am. Applications via Auto-Sweep close on 23 September 2026, 9:30am.

HKEX 2026 Interim Results: Strong Results Demonstrate Robust Resilience
As a listed company whose share price closely tracks the Hang Seng Index, HKEX's operating and financial performance has remained strong, yet its share price has not seen much upside. We believe, however, that HKEX's core growth momentum remains solid, allowing it to stand firm amid market volatility.

Pop Mart 1H2026 Results: The Star IP Effect Is Fading.
Although Pop Mart's revenue grew 24% y-o-y in 1H2026, both revenue and profit fell short of expectations, and revenue from the LABUBU (The Monsters) franchise even declined y-o-y. With the star IP effect fading and revenue growth slowing, can Pop Mart's share price find support again?
