| Could you share with us your business philosophy and value propositions? |
| Harris Fraser seeks to provide relevant financial advice and strategies by adherence to the company’s values of integrity, client knowledge and professionalism. At Harris Fraser, our advisers work hard to understand clients’ needs. This enables the advisers to formulate investment strategies that are appropriate for clients and deliver risk adjusted rates of return after fees that are above the benchmark. Harris Fraser invests in research to maintain awareness of what is happening or likely to happen in markets and advisers match strategies according to the market and client situation. |
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| What is your outlook for fixed income fund investments in 2013? |
| We see that interest rates will generally continue to stay low over the next year and half. Therefore, we favour managers that show their ability to choose high quality investment grade bonds and adjust their positions as necessary to meet market conditions and increase their funds’ return. Generally these are the managers that can successfully assess credit risk or find pricing opportunities in the market. |
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| Going into 2013, what are the biggest challenges for you? |
| At Harris Fraser, the biggest challenge for us will be maintaining risk adjusted returns above 5% in 2013 for our conservative USD/HKD portfolios. We will therefore need to have more exposure to equities in our portfolios to increase the rate of return, but consequently we will also need to proactively manage the risk. In these times of low yields, almost daily attention is required to maintain returns while maintaining low levels of risk for our clients. |
