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Private debt offers a stable, generally floating-rate income. But credit risks are elevated as financing conditions remain tight. Defaults are expected to rise. But some types of private debt carry lower risks than others. Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. Highlights of the conversation: 01:02 The lowdown on private debt 02:47 The golden age: strong returns and inflows 05:36 Getting a handle on credit risk 09:36 Attraction of private debt 11:17 What to look out for Written and hosted by: Genevieve Cua (gen@sph.com.sg) Edited by: Emily Liu and Claressa Monteiro Produced by: Genevieve Cua & Emily Liu Engineered by: Joann Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media — Follow WealthBT podcasts and rate us at: Channel: bt.sg/btwealthbt Apple Podcasts: bt.sg/wbAP Spotify: bt.sg/wbSP Google: bt.sg/wtGO Website: bt.sg/wealthbt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast at: bt.sg/btmoneyhacks BT Mark To Market Podcast at: bt.sg/btmark2mkt BT Podcasts at: bt.sg/pcOM PropertyBT at: bt.sg/btpropertybt BT Market Focus at: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/btbrpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

What is the outlook for interest rates and the impact on stocks and bonds? What is the outlook for Singapore and China? And is it time to exit fixed deposits and invest in what, exactly? Genevieve Cua interrogates Kelvin Tay from UBS Wealth Management. Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. This episode is brought to you by UBS Wealth Management. Highlights of the conversation:  01:47 Impact of the Fed’s funds rate on stocks and bonds  04:42 Which elections will wield the biggest impact on markets?  07:12 Outlook for economy and asset growth 11:13 China’s outlook 15:15 Risks not adequately priced in markets 17:15 Most important asset allocation calls for 2024 More about: UBS Wealth Management https://www.ubs.com/sg/en/wealth-management.html Written and hosted by: Genevieve Cua (gen@sph.com.sg) With Kelvin Tay, chief investment officer of UBS Wealth Management Edited by: Howie Lim and Claressa Monteiro Produced by: Genevieve Cua & Howie Lim Engineered by: Joann Chai Pei Chieh Executive producer: Claressa Monteiro A podcast by BT Podcasts, The Business Times, SPH Media — Follow WealthBT podcasts and rate us at: Channel: bt.sg/btwealthbt Apple Podcasts: bt.sg/wbAP Spotify: bt.sg/wbSP Google: bt.sg/wtGO Website: bt.sg/wealthbt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast at: bt.sg/btmoneyhacks BT Mark To Market Podcast at: bt.sg/btmark2mkt BT Podcasts at: bt.sg/pcOM PropertyBT at: bt.sg/btpropertybt BT Market Focus at: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/btbrpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

Markets are on a tear since the Federal Reserve signalled a pivot towards cutting interest rates in 2024. How should you position your portfolio? Here are some thoughts on bond yields; geopolitical risk in 2024; investing in value equities; and keeping faith in balanced portfolios. Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. Highlights of the podcast:  01:29 Indications of what the Fed may do next year 03:20 Bond yields are attractive and offer a return above inflation 05:19 2024 is a record year for elections, raising geopolitical risk 08:20 Opportunities in value equities 10:08 Balanced portfolios are alive and well 12:12 Reinvesting out of cash Written and hosted by: Genevieve Cua (gen@sph.com.sg) Edited by: Howie Lim & Claressa Monteiro  Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media — Follow WealthBT podcasts and rate us at: Channel: bt.sg/btwealthbt Apple Podcasts: bt.sg/wbAP Spotify: bt.sg/wbSP Google: bt.sg/wtGO Website: bt.sg/wealthbt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast at: bt.sg/btmoneyhacks BT Mark To Market Podcast at: bt.sg/btmark2mkt BT Podcasts at: bt.sg/pcOM PropertyBT at: bt.sg/btpropertybt BT Market Focus at: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/btbrpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

Philanthropy can be a source of catalytic and patient capital, and as such, can play a big role in the net zero transition. Blended finance is an avenue where philanthropists can join forces with public and private funds. Genevieve Cua speaks to Anthony Gao, head of philanthropy services Asia with Pictet Wealth Management for more insights.  Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. This episode is brought to you by Pictet Wealth Management. Highlights of the podcast:  02:09 Understanding blended finance 03:44 Singapore's approach to blended finance 05:55 Philanthropy in the context of climate objectives 09:54 Understanding blended finance mode 12:26 Trends and approaches in blended finance 14:45 Challenges and solutions for blended finance in Asia More about: Pictet Wealth Management Asia https://www.pictet.com/sg/en/wealth-management Responsible Investing https://www.pictet.com/sg/en/insights/re-imagining-the-future-the-case-for-engagement Written and hosted by: Genevieve Cua (gen@sph.com.sg) With Anthony Gao, head of philanthropy services Asia, Pictet Wealth Management Edited by: Howie Lim and Claressa Monteiro  Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media — Follow WealthBT podcasts and rate us at: Channel: bt.sg/btwealthbt Apple Podcasts: bt.sg/wbAP Spotify: bt.sg/wbSP Google: bt.sg/wtGO Website: bt.sg/wealthbt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast at: bt.sg/btmoneyhacks BT Mark To Market Podcast at: bt.sg/btmark2mkt BT Podcasts at: bt.sg/pcOM PropertyBT at: bt.sg/btpropertybt BT Market Focus at: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/btbrpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

Why are couples entering into prenups, and sometimes at the urging of their families? A prenup or post-nup may potentially be an important tool for families who have multigenerational wealth in mind. Genevieve Cua speaks to Ivan Cheong, head of the divorce and family team with Withers KhattarWong in Singapore for more insights. Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. Highlights of the podcast:  04:28 Prenups must satisfy 4 formalities; they’re not automatically enforceable 09:34 Not just for the wealthy; 3 broad objectives 12:22 Ensuring a prenup applies across multiple jurisdictions 14:27 How prenups work with trusts 17:03 Can a prenup strengthen a marriage? Written and hosted by: Genevieve Cua (gen@sph.com.sg) With Ivan Cheong, head of the divorce and family team with Withers KhattarWong in Singapore Edited by: Howie Lim and Claressa Monteiro  Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media — Follow WealthBT podcasts and rate us at: Channel: bt.sg/btwealthbt Apple Podcasts: bt.sg/wbAP Spotify: bt.sg/wbSP Google: bt.sg/wtGO Website: bt.sg/wealthbt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast: bt.sg/btmoneyhacks BT Mark To Market Podcast: bt.sg/btmark2mkt BT Podcasts: bt.sg/pcOM PropertyBT: bt.sg/btpropertybt BT Market Focus: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/btbrpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

Learn about key themes like circular economy, biodiversity, energy transition and health in responsible investing as Genevieve Cua discusses with Evelyn Yeo from Pictet Wealth Management Asia. Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. Highlights of the podcast:  02:03 Climate impact in 2023 05:46 Connection between climate risks and markets 09:59 Elements to ensure investments have impact 11:58 Responsible investing themes 16:06 Key elements in responsible investing process More about: Pictet Wealth Management Asia https://asia.group.pictet/ Impact Investing https://perspectives.group.pictet/sustainability/the-rise-of-impact-inv… Philanthropic capital https://perspectives.group.pictet/sustainability/better-together---alig… Written and hosted by: Genevieve Cua (gen@sph.com.sg) With Evelyn Yeo, head of Asia investment, Pictet Wealth Management Asia Edited by: Howie Lim and Claressa Monteiro  Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media — Follow WealthBT podcasts and rate us at: Channel: bt.sg/btwealthbt Apple Podcasts: bt.sg/wbAP Spotify: bt.sg/wbSP Google: bt.sg/wtGO Website: bt.sg/wealthbt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast at: bt.sg/btmoneyhacks BT Mark To Market Podcast at: bt.sg/btmark2mkt BT Podcasts at: bt.sg/pcOM PropertyBT at: bt.sg/btpropertybt BT Market Focus at: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/btbrpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

Insurance par funds last year chalked up their worst returns over the past five years. But not all insurers reduced bonuses and your par plan’s bonus may still be intact - for now.  Are par savings products still worth your while?  Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. Highlights of the podcast:  01:04 Smoothing and par plans’ worst returns in 5 years 05:15 Market conditions vs the long run 08:05 Staying invested is a must 10:34 Par plans vs portfolio of market assets Written and hosted by: Genevieve Cua (gen@sph.com.sg) Edited by: Claressa Monteiro  Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media — Follow WealthBT podcasts and rate us at: Channel: bt.sg/btwealthbt Apple Podcasts: bt.sg/wbAP Spotify: bt.sg/wbSP Google: bt.sg/wtGO Website: bt.sg/wealthbt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast at: bt.sg/btmoneyhacks BT Mark To Market Podcast at: bt.sg/btmark2mkt BT Podcasts at: bt.sg/pcOM PropertyBT at: bt.sg/btpropertybt BT Market Focus at: bt.sg/btmktfocus BT Branded Podcasts: bt.sg/btbrpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

Amid market volatility, it helps to distinguish between market noise and major trends. Scarcity of resources, labour and trust is already evident and will continue to drive markets. What are the impacts over the long run and how you can position your portfolio? Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. This episode is brought to you by Pictet Wealth Management. Highlights:  01:00 Why long run matters 05:17 Track record of forecasts 06:38 Overarching themes 09:20 Major asset class expectations and drivers 11:34 Implications of most important themes 13:30 How to position yourself Written and hosted by: Genevieve Cua (gen@sph.com.sg) With Dong Chen, head of Asia Macroeconomic Research for Pictet Wealth Management Edited by: Howie Lim & Claressa Monteiro  Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media More about: Pictet Wealth Management https://www.pictet.com/sg/en/wealth-management Alternatives and private assets https://www.pictet.com/sg/en/insights/markets/alternatives — Follow WealthBT podcasts and rate us at: Channel: http://bt.sg/btwealthbt Apple Podcasts: http://bt.sg/wbAP Spotify: http://bt.sg/wbSP Google: http://bt.sg/wtGO Website: http://bt.sg/wealthbt Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks BT Mark To Market Podcast at: http://bt.sg/btmark2mkt BT Podcasts at: http://bt.sg/pcOM PropertyBT at: http://bt.sg/btpropertybt BT Market Focus at: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/btbrpod BT Lens On: http://bt.sg/btlenson #BTPodcastSee omnystudio.com/listener for privacy information.

Why do wealthy families grapple with the challenges of how to enhance their wealth for generations and still keep close family ties? Families who have figured out the purpose of their wealth and their role as stewards take the first step towards a long-lasting legacy.  Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. Highlights: 02:05 Insights on enhancing family ties and wealth for generations 05:24 Conversations on the purpose of money  07:26 Important questions to ask on the purpose of wealth 09:42 Anthonia’s experience on setting up her own impact portfolio 14:08 How families can get started on purposeful capital Written and hosted by: Genevieve Cua (gen@sph.com.sg) With Anthonia Hui, founder and Singapore head of a multi-family office Edited by: Howie Lim & Claressa Monteiro  Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media — Follow WealthBT podcasts and rate us at: Channel: http://bt.sg/btwealthbt Apple Podcasts: http://bt.sg/wbAP Spotify: http://bt.sg/wbSP Google: http://bt.sg/wtGO Website: http://bt.sg/wealthbt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks BT Mark To Market Podcast at: http://bt.sg/btmark2mkt BT Podcasts at:http://bt.sg/pcOM PropertyBT at: http://bt.sg/btpropertybt BT Market Focus at: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/btbrpodSee omnystudio.com/listener for privacy information.

Private debt has come into its own as an asset class after the 2008 financial crisis, delivering attractive returns with little correlation to stocks and bonds. The current environment poses challenges but with careful credit selection, investors can still reap equity-like returns. Goh Hui Yang, Pictet’s head of alternative investments in Asia tells Genevieve Cua more. Synopsis: Learn to protect and grow your wealth in this monthly Business Times podcast series for affluent individuals, hosted by BT wealth editor Genevieve Cua. This episode is brought to you by Pictet Wealth Management. Highlights:  02:28 Popularity of private debt as an asset class 06:54 Why get an exposure 09:36 Challenge of the macro environment 11:10 Risks to watch 12:58 A realistic look at return expectations More about: Pictet Wealth Management https://www.pictet.com/sg/en/wealth-management Alternatives and private assets https://www.pictet.com/sg/en/insights/markets/alternatives Written and hosted by: Genevieve Cua (gen@sph.com.sg) With Goh Hui Yang, Pictet’s head of alternative investments in Asia Edited by: Howie Lim & Claressa Monteiro  Recording engineer: Joann Chai Pei Chieh Produced by: BT Podcasts, The Business Times, SPH Media — Follow WealthBT podcasts and rate us at: Channel: http://bt.sg/btwealthbt Apple Podcasts: http://bt.sg/wbAP Spotify: http://bt.sg/wbSP Google: http://bt.sg/wtGO Website: http://bt.sg/wealthbt Feedback to: podcast@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks Podcast at: https://bt.sg/btmoneyhacks BT Mark To Market Podcast at: http://bt.sg/btmark2mkt BT Podcasts at:http://bt.sg/pcOM PropertyBT at: http://bt.sg/btpropertybt BT Market Focus at: http://bt.sg/btmktfocus BT Branded Podcasts: http://bt.sg/btbrpod #BTPodcastSee omnystudio.com/listener for privacy information.