SC Jeil Bank's 'Wealth Care' Seminar Introducing This Year's Investment Strategies

On the 30th of last month, Steve Bryce, Head of Global Investment Strategy at SC Group, presented the outlook for the global financial market at the '2020 Wealth Care Seminar' hosted by SC First Bank at the Shilla Hotel in Jung-gu, Seoul. Photo by SC First Bank

[Asia Economy Reporter Minyoung Kim] SC First Bank announced on the 3rd that it held the ‘2020 Wealth Care Seminar’ for about 700 customers in major cities nationwide, including Seoul, Busan, Daegu, Gwangju, and Daejeon, from the 29th to the 31st of last month.

At this event, Steve Bryce, the Head of Global Investment Strategy of the parent company Standard Chartered (SC) Group, gave a lecture emphasizing the importance of actively and dynamically responding to the market environment, where expectations and concerns coexist, in line with this year’s investment theme, ‘Balancing Act - Respond Dynamically,’ to establish a balanced investment strategy.

In response to customers’ questions about key market variables to watch this year, Steve Bryce forecasted, “Stabilization of global economic growth, recovery of corporate profits, and accommodative monetary and fiscal policies of various countries will act as positive factors; however, the prolonged economic expansion phase, political uncertainty related to the U.S. presidential election, and geopolitical risks including U.S.-China trade relations will remain as negative variables.”

He advised, “For successful investment, it is important to reduce asset volatility while appropriately responding to investment opportunities that may arise in the short term.”

In line with this year’s investment theme, the bank proposed ‘Income Plus’ as an investment product solution, suggesting the pursuit of portfolio balance and stable returns. This involves placing recommended products composed of income funds expected to generate stable returns at the core of the portfolio and constructing portfolios that seek either excess returns or stable income according to the customer’s investment preferences.

Through the bank’s mobile banking application (app), customers who newly subscribe to the funds recommended in ‘Income Plus’ and set up automatic transfers for 12 months or more (with transfer amounts of 100,000 KRW or more) can participate in an event offering a ‘Starbucks Sweet Dessert Set’ until the 28th.

SC First Bank’s ‘Wealth Care’ is a differentiated global asset management service that provides specialized programs tailored to customers’ needs by asset management experts in fields such as investment, taxation, foreign exchange, and insurance. It consists of various asset management seminars, including the ‘Dual Care Service,’ which offers customized consultations by dedicated asset management staff and investment expert groups, and the ‘International Asset Management Forum,’ which involves global local investment advisory experts.

This content was produced with the assistance of AI translation services.