Ann Peng Lim
Ann Peng Lim
Malaysia
4mo
π— π—’π—‘π—§π—›π—Ÿπ—¬ π—¨π—£π——π—”π—§π—˜β€¨β€¨ Markets in March were dominated by a sharp escalation in geopolitical tensions, particularly the intensifying US–Iran conflict, which drove a significant spike in energy prices. Disruptions around the Strait of Hormuzβ€”a critical artery for global oil supplyβ€”triggered a rapid repricing of risk, with crude oil surging over 40% for the month and briefly exceeding $100 per barrel. This supply shock reverberated across asset classes, weighing on risk sentiment and reigniting inflation concerns.
 While intermittent headlines around potential de-escalation led to bouts of volatility, markets largely priced in a sustained risk premium given ongoing military uncertainty and constrained energy flows. Central banks remained cautious, as higher energy prices complicated the path toward policy easing.
 Against this backdrop, we maintained a disciplined approach, selectively adding to high-quality businesses during dislocations while remaining mindful of second-order effects from persistent energy-driven inflation. Portfolio positioning continues to balance resilience with opportunistic capital deployment in an increasingly complex macro environment. Best Regards Ann

 2025 π—£π—Ώπ—Όπ—³π—Άπ˜π˜€ --> +7.85% πŸŸ’β€¨ 2024 π—£π—Ώπ—Όπ—³π—Άπ˜π˜€ --> +9.10% 🟒
Not investment advice. The author may have financial interests in the mentioned instruments.
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