Global Weekly Market Summary as of 9th January 2017

Key Economic Indicators

US stocks rose over the week after December’s employment report showed a significant acceleration in the pace of wage growth. Apple Inc rose by 1.80% to US$117.91 after Canada's Competition Bureau did not find sufficient evidence the iPhone maker had engaged in anti-competitive conduct. Amgen Inc rose by 7.23% to US$156.78 after a US district judge blocked Sanofi and Regeneron from selling their cholesterol drug, which Amgen said infringed its patents. Over the week, the DJIA rose by 1.02% to 19,963.80, the S&P 500 rose by 1.80% to 2,279.30 while the NASDAQ rose by 2.56% to 5,521.06.

United States Non-farm payroll employment rose by 156,000 in December Unemployment rate increased to 4.7% in December from 4.6% in November Unemployment claims rose by 235,000 in the week ending 30 December ISM manufacturing PMI rose to 54.7 in December from 53.2 in November ISM non-manufacturing PMI remained unchanged at 57.2 in December Trade deficit increased to US$45.2b in November from US$42.4b in October Crude oil inventories decreased by 7.1m barrels in the week ending 30 December

European stocks rose over the week as economic data from the US to China signalled a strengthening global economy. In Germany, Bayer AG rose by 3.62% to €101.72 on reports that Air Liquide has agreed to buy Serdex, a unit of the German drugs and chemical firm. In France, Euronext NV rose by 5.00% to €41.17 after announcing an irrevocable all-cash offer to acquire the London Stock Exchange Group's French clearing business. In the UK, EasyJet Plc rose by 5.37% to £10.51 after the airline reported improved passenger numbers and load factor for December. Over the week, the German DAX rose by 1.03% to 11,599.01, the French CAC40 rose by 0.98% to 4,909.84 while the UK FTSE100 rose by 0.94% to 7,210.05. Japanese stocks rose over the week amid a robust outlook for the US economy, a positive signal for Japanese manufacturing, as well as expectations of continued yen weakness. Takata Corp rose by 7.93% to ¥925.0 on the possibility that it was nearing a settlement with U.S. prosecutors to resolve allegations of criminal wrongdoing. Sharp Corp rose by 17.04% to ¥316.0 on news that it was considering an initial public offering for Sakai Display Products, its LCD joint venture with Hon Hai Precision Industry. Over the week, the TOPIX rose by 2.29% to 1,553.32 and the Nikkei 225 rose by 1.78% to 19,454.33. Asian stock markets rose over the week. In Korea, Hanjin Shipping Co Ltd rose by 83.11% to KRW672 on reports that the sale of the collapsed container mover’s US-Asia assets to a unit of South Korea’s SM Group is approaching its completion. In Hong Kong, Wharf Holdings Ltd rose by 9.12% to HKD56.25 after Citigroup upgraded the stock to buy from sell, citing an expected recovery in Hong Kong retail sales. Over the week, the STI rose by 2.84% to 2,962.63, the Hang Seng Index rose by 2.28% to 22,503.01 while the HSCEI rose by 2.30% to 9,611.05. Over the week, Brent crude oil fell by 0.07% to US$56.78. Gold rose by 2.57% to US$1,181.30.

Eurozone/UK Eurozone’s retail sales decreased by 0.4% mom in November Eurozone’s CPI increased by 1.1% yoy in December Germany’s retail sales decreased by 1.8% mom in November France’s trade deficit decreased to €4.4b in November from €5.2b in October Italy’s manufacturing PMI increased to 53.2 in December from 52.2 in November Italy’s services PMI decreased to 52.3 in December from 53.3 in November UK’s manufacturing PMI increased to 56.1 in December from 53.6 in November UK’s services PMI increased to 56.2 in December from 55.2 in November Asia Pacific ex Japan (APEJ) China’s Caixin composite PMI increased to 53.5 in December from 52.9 in November Hong Kong’s PMI increased to 50.3 in December from 49.5 in November Indonesia’s manufacturing PMI decreased to 49.0 in December from 49.7 in November Korea’s manufacturing PMI increased to 49.4 in December from 48.0 in November Malaysia’s PMI remained unchanged at 47.1 in December Malaysia’s trade surplus decreased to MYR9.03b in November from MYR9.76b in October Singapore’s PMI decreased to 52.0 in December from 52.8 in November Taiwan’s manufacturing PMI increased to 56.2 in December from 54.7 in November

FPA FINANCIAL Weekly Market Report as of

06.01.17 Stock Market Indices

Country US US US UK Eurozone Germany France Italy Japan Japan China Hong Kong Hong Kong Taiwan South Korea Singapore Malaysia Thailand Indonesia Philippines Vietnam India Australia Brazil Turkey Russia Crude Oil Gold

Index DJIA S&P 500 NASDAQ FTSE 100 EURO STOXX 50 DAX CAC FTSE MIB TOPIX NIKKEI 225 Shanghai Com HANGSENG HSCEI TAIEX KOSPI STI FTSEKLCI SET JCI PSE VNX SENSEX All Ordinaries Bovespa IMKB Nat 100 RTS Brent WTI

Week Closing

Week Closing

06.01.17

30.12.16

19,963.80 2,279.30 5,521.06 7,210.05 3,321.17 11,599.01 4,909.84 19,687.71 1,553.32 19,454.33 3,154.32 22,503.01 9,611.05 9,372.22 2,049.12 2,962.63 1,675.49 1,571.48 5,347.02 7,248.20 679.80 26,759.23 5,808.98 61,665.37 77,106.56 1,169.61 56.78 53.67 1,181.30

19,762.60 2,238.91 5,383.12 7,142.83 3,290.52 11,481.06 4,862.31 19,234.58 1,518.61 19,114.37 3,103.64 22,000.56 9,394.87 9,253.50 2,026.46 2,880.76 1,641.73 1,542.94 5,296.71 6,840.64 664.87 26,626.46 5,719.10 60,227.29 78,138.66 1,152.33 56.82 53.72 1,151.70

Absolute Change 201.20 40.39 137.94 67.22 30.65 117.95 47.53 453.13 34.71 339.96 50.68 502.45 216.18 118.72 22.66 81.87 33.76 28.54 50.31 407.56 14.93 132.77 89.88 1,438.08 -1,032.10 17.28 -0.04 -0.05 29.60

Percentage (%) 1.02% 1.80% 2.56% 0.94% 0.93% 1.03% 0.98% 2.36% 2.29% 1.78% 1.63% 2.28% 2.30% 1.28% 1.12% 2.84% 2.06% 1.85% 0.95% 5.96% 2.25% 0.50% 1.57% 2.39% -1.32% 1.50% -0.07% -0.09% 2.57%

Previous Month

09.12.16 19,756.85 2,259.53 5,444.50 6,954.21 3,197.54 11,203.63 4,764.07 18,292.65 1,525.36 18,996.37 3,232.88 22,760.98 9,867.95 9,392.68 2,024.69 2,956.13 1,641.42 1,526.32 5,308.13 7,043.16 663.07 26,747.18 5,615.79 60,500.62 75,727.28 1,106.54 54.12 51.23 1,172.40

Absolute Change 206.95 19.77 76.56 255.84 123.63 395.38 145.77 1,395.06 27.96 457.96 -78.56 -257.97 -256.90 -20.46 24.43 6.50 34.07 45.16 38.89 205.04 16.73 12.05 193.19 1,164.75 1,379.28 63.07 2.66 2.44 8.90

Percentage (%) 1.05% 0.87% 1.41% 3.68% 3.87% 3.53% 3.06% 7.63% 1.83% 2.41% -2.43% -1.13% -2.60% -0.22% 1.21% 0.22% 2.08% 2.96% 0.73% 2.91% 2.52% 0.05% 3.44% 1.93% 1.82% 5.70% 4.92% 4.76% 0.76%

Exchange Rates US$ Pound Euro AUD

US$ 1.236 1.054 0.733

S$ 1.435 1.773 1.512 1.050

Yen RM HK$ Baht

US$ 116.14 4.477 7.755 35.756

Bid Price Recommended Funds Mgt Fee CPF Currency 050117 Fidelity European Growth A EUR 1.50% no € 14.6800 Fidelity France 1.50% no € 51.9200 Fidelity Italy 1.50% no € 34.8200 Aberdeen Pacific Equity 1.50% yes S$ 5.0570 Fidelity Asian Special Situations USD 1.50% no US$ 38.6400 Fidelity China Focus SGD 1.50% no S$ 1.6540 Nikko AM Shenton Japan Fund 1.00% yes S$ 1.1260 Lion Global Japan Growth Fund 1.40% yes S$ 0.9650 First State Global Resources 1.50% yes S$ 0.9445 Henderson Asia Pacific Property Equity 1.33% no S$ 0.8600 Deutsche Lion Bond Cl A 0.50% yes S$ 1.7015 Pimco Total Return Bond SGD-hedged 1.40% no S$ 38.0000 Legg Mason WA Global Bond Trust 0.75% yes S$ 1.3900 Schroder ISF Glb Co Bnd SGD hedged 0.75% no S$ 11.9213 AB Glb High Yield SGD hedged 1.70% no S$ 13.5600 Aviva Inv Global High Yield SGD hedged 1.20% no S$ 10.3799 Fidelity Asian High Yield AMDIST SGD hedged* 1.00% no S$ 0.9170 Eastspring Investments MIP M** 1.25% no S$ 0.9220 Henderson Hzn Asian Div Inc-A3 SGD*** 1.20% no S$ 13.3900 *The fund will pay a dividend in early-January. Ex Date: 02 January 2017 **The fund will pay a dividend of S$0.004 per unit in mid-January. Ex Date: 02 January 2017 ***The fund will pay a dividend in late-January. Ex Date: 02 January 2017

S$ 81.03 3.123 5.411 24.947

Performance Weekly Monthly 1.38% 3.97% 0.82% 4.17% 2.11% 5.45% 1.56% -0.30% 3.07% -0.64% 1.97% -1.66% 1.72% -0.35% 2.12% 2.12% 3.04% 0.00% 1.18% 0.00% 0.03% -0.11% 0.69% 0.66% -0.07% 0.22% 0.01% -0.96% -0.15% 1.12% 0.11% 0.97% 0.44% 0.22% 0.44% 0.66% 0.45% -0.89%

FPA Financial Fund prices are for Thursday

050117 Weekly Chg Mthly Chg Mgt Fee CPF Currency 050117 291216 221216 151216 081216 050117 v 291216 050117 v 081216

EQUITIES (I) USA Aberdeen American Opportunities Fidelity America A- (SGD) Legg Mason Value Fund CL A M & G American Fund

1.19 1.88 0.90 19.00

1.20 1.88 0.90 19.10

1.20 1.89 0.90 19.23

1.20 1.91 0.90 19.22

1.19 1.86 0.89 18.48

-0.18% -0.37% 0.11% -0.52%

0.50% 0.64% 0.45% 2.81%

(II) Europe Allianz Europe Equity Growth 1.50% no S$ 15.34 Fidelity European Growth A EUR 1.50% no € 14.68 HGIF Eur Eq-P 1.00% no S$ 59.31 Henderson European Fund 1.33% no S$ 1.05 Henderson Hzn Pan European Alpha 1.33% no € 15.11 Eastspring Inv UT Pan European 1.50% yes S$ 1.17 Fidelity France 1.50% no € 51.92 Fidelity Germany 1.50% no € 46.58 Fidelity Italy 1.50% no € 34.82 Fidelity Iberia 1.50% no € 65.85 Schroder ISF European Value A Acc EUR* 1.50% no € 64.05 *Previously known as Schroder ISF Euro Eq Alp A Acc EUR. Name changed on 01 December 2016

15.25 14.48 58.32 1.04 15.02 1.17 51.50 46.04 34.10 64.74 62.67

15.09 14.47 58.09 1.03 15.01 1.16 51.28 45.83 34.00 64.29 62.57

14.90 14.44 57.67 1.02 15.01 1.15 50.89 45.03 33.78 64.19 62.36

14.62 14.12 56.76 1.00 14.91 1.14 49.84 44.04 33.02 62.54 61.80

0.59% 1.38% 1.68% 0.96% 0.60% 0.09% 0.82% 1.17% 2.11% 1.71% 2.20%

4.92% 3.97% 4.48% 5.00% 1.34% 3.17% 4.17% 5.77% 5.45% 5.29% 3.63%

1.33 1.11 0.63 14.89 1.08 0.95 7.77 1.57

1.33 1.11 0.64 15.08 1.08 0.95 7.79 1.56

1.31 1.11 0.64 14.93 1.06 0.94 7.83 1.53

1.31 1.13 0.64 15.01 1.07 0.95 7.87 1.54

1.74% 1.72% 1.58% 1.38% 1.49% 2.12% 2.91% 1.46%

3.68% -0.35% 0.63% 0.55% 2.44% 2.12% 1.56% 3.31%

(III) Japan Aberdeen Japan Equity Fund Nikko AM Shenton Japan Fund Fidelity Japan AHGIF Economic Scale Index Japan Equity Lion Global Japan Fund Lion Global Japan Growth Fund Schroder ISF Jap Eq A Acc United Japan Growth Fund

1.50% 1.50% 1.35% 1.50%

1.50% 1.00% 1.50% 1.00% 1.25% 1.40% 1.50% 1.50%

no no no no

no yes no no no yes no no

S$ S$ S$ €

S$ S$ S$ S$ S$ S$ US$ S$

1.36 1.13 0.64 15.10 1.09 0.97 8.00 1.59

Weekly Chg Mthly Chg (IV) Asian Mkt ex Japan Mgt Fee CPF Currency 050117 291216 221216 151216 081216 050117 v 291216 050117 v 081216 APS Alpha Fund 0.00% no S$ 1.67 1.67 1.68 1.70 1.69 0.00% -1.18% Aberdeen Pacific Equity 1.50% yes S$ 5.06 4.98 4.94 5.02 5.07 1.56% -0.30% Nikko AM Shenton Asia Pacific Fund 1.50% no S$ 1.17 1.16 1.15 1.16 1.17 1.03% 0.00% Fidelity Asian Special Situations USD 1.50% no US$ 38.64 37.49 37.16 37.99 38.89 3.07% -0.64% Fidelity Asia Focus 1.50% no S$ 1.56 1.53 1.51 1.55 1.57 1.50% -0.77% Fidelity Asean A1.50% no S$ 1.63 1.61 1.57 1.62 1.62 1.12% 0.55% First State Asian Growth Fd 1.50% yes S$ 2.41 2.38 2.36 2.40 2.41 1.38% 0.00% FTIF-Templeton Asian Growth 1.35% no S$ 8.52 8.35 8.18 8.32 8.34 2.04% 2.16% Henderson Pacific Dragon 1.33% no S$ 2.08 2.07 2.04 2.08 2.09 0.48% -0.48% Legg Mason WA Asian Enterprise 1.50% yes S$ 2.06 2.02 2.00 2.03 2.07 2.08% -0.44% Lion Global Asia Pacific 1.50% no S$ 2.03 1.99 1.98 2.03 2.06 2.01% -1.12% Schroder Asian Growth Fund* 1.13% yes S$ 2.79 2.81 2.79 2.84 2.87 -0.53% -2.68% United Asian Growth Opportunity 1.25% no S$ 2.01 1.98 1.96 1.98 2.01 1.42% 0.05% United Asia Fund 1.25% no S$ 1.87 1.84 1.83 1.86 1.89 1.52% -1.11% *The fund will pay a dividend in late-January. Ex Date: 03 January 2017 (V) China / Greater China Aberdeen China Opportunities Nikko AM Shenton Greater China Fund DWS China Eqty Fund Cl A SGD Fidelity China Focus SGD First State Regional China HGIF Chinese Equity-A Henderson Hzn China A2 United Greater China Fund

1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.20% 1.50%

yes no yes no yes no no no

S$ S$ S$ S$ S$ S$ S$ S$

2.99 1.41 2.98 1.65 2.90 112.44 21.89 2.42

2.96 1.41 2.93 1.62 2.86 110.10 21.53 2.37

2.96 1.40 2.88 1.61 2.84 108.14 21.48 2.34

2.99 1.42 2.92 1.64 2.89 110.35 21.69 2.39

3.04 1.45 2.99 1.68 2.95 113.52 21.96 2.45

0.96% 0.50% 1.72% 1.97% 1.38% 2.12% 1.67% 2.11%

-1.53% -2.48% -0.36% -1.66% -1.50% -0.95% -0.32% -1.31%

(VI) India Aberdeen India Opportunities Deutsche India Eqty Fd Cl A SGD Eastspring Inv India Equity AS SGD First State Regional India HGIF Indian Eq-A Lion Global India Fund PineBridge India Equity A5 SGD

1.50% 1.50% 1.50% 1.50% 1.50% 1.25% 1.30%

yes no no no no no yes

S$ S$ S$ S$ S$ S$ S$

3.05 1.69 13.90 6.62 209.31 1.27 24.12

3.05 1.68 13.71 6.63 207.46 1.25 23.81

2.99 1.66 13.54 6.55 204.35 1.23 23.50

3.06 1.70 13.85 6.67 210.81 1.26 24.14

3.10 1.71 13.93 6.67 211.45 1.28 24.15

-0.09% 0.57% 1.40% -0.12% 0.89% 1.44% 1.31%

-1.75% -1.44% -0.20% -0.71% -1.01% -0.78% -0.12%

(VII) Indonesia Aberdeen Indonesia Equity Fidelity Indonesia Equity

1.50% 1.50%

yes no

S$ US$

5.14 25.84

5.26 25.45

5.07 23.79

5.25 25.06

5.21 25.84

-2.13% 1.53%

-1.26% 0.00%

(VIII) Malaysia Aberdeen Malaysia Equity Lion Global Malaysia

Weekly Chg Mthly Chg Mgt Fee CPF Currency 050117 291216 221216 151216 081216 050117 v 291216 050117 v 081216 1.50% yes S$ 3.72 3.74 3.75 3.78 3.77 -0.55% -1.38% 1.25% no S$ 1.89 1.88 1.87 1.89 1.88 0.27% 0.11%

(IX) Singapore Aberdeen Singapore Equity Nikko AM Shenton Thrift Fund Schroder Singapore Trust Cl A United Singapore Growth Fund

1.50% 0.75% 1.13% 1.00%

yes yes yes no

S$ S$ S$ S$

4.78 1.99 1.44 3.09

4.69 1.96 1.41 3.06

4.66 1.95 1.41 3.05

4.75 1.98 1.43 3.11

4.78 2.01 1.45 3.14

2.04% 1.68% 2.13% 1.05%

-0.03% -0.55% -0.55% -1.75%

(X) Korea Fidelity Korea Lion Global Korea

1.50% 1.25%

no no

US$ S$

16.83 1.04

16.36 1.03

16.22 1.03

16.63 1.05

16.82 1.05

2.87% 0.98%

0.06% -1.15%

(XI) Taiwan Fidelity Taiwan Lion Global Taiwan

1.50% 1.25%

no no

US$ S$

10.94 0.63

10.59 0.62

10.51 0.62

10.90 0.64

11.02 0.64

3.31% 1.77%

-0.73% -0.94%

(XII) Thailand Aberdeen Thailand Fidelity Thailand Lion Global Thailand

1.50% 1.50% 1.25%

yes no no

S$ US$ S$

10.42 46.68 3.51

10.35 45.68 3.45

10.12 44.23 3.35

10.22 44.65 3.39

10.10 45.34 3.40

0.75% 2.19% 2.00%

3.19% 2.96% 3.32%

(XIII) Vietnam Lion Global Vietnam

1.50%

no

S$

0.51

0.51

0.50

0.50

0.49

0.59%

3.44%

(XIV) Emerging Markets Aberdeen Glb Em Mkts Fidelity Emer Mkt A-SGD Stewart Investors Global Emerging Markets Leaders Fund JPM Emerging Markets Equity A (dist) USD HGIF Glb Emg Mkts Eq-AD SGD Legg Mason QS Emerging Mkts Eq Cl A USD Acc Schroder Emerging Markets Fund Schroder Glb Emerging Market Opps Fund

1.50% 1.50% 1.50% 1.50% 1.50% 1.45% 1.85% 1.25%

yes no no no no no no yes

S$ S$ S$ US$ S$ US$ S$ S$

1.96 1.19 2.73 27.81 18.73 64.01 1.49 0.87

1.95 1.18 2.70 27.24 18.53 62.54 1.47 0.85

1.91 1.15 2.66 26.57 18.22 61.09 1.44 0.84

1.94 1.17 2.68 26.84 18.58 62.30 1.46 0.84

1.95 1.18 2.68 27.39 18.83 63.75 1.46 0.84

0.54% 0.94% 1.03% 2.09% 1.06% 2.35% 1.09% 1.64%

0.60% 0.68% 1.82% 1.53% -0.53% 0.41% 1.43% 3.09%

Weekly Chg Mthly Chg (XV) Technology Mgt Fee CPF Currency 050117 291216 221216 151216 081216 050117 v 291216 050117 v 081216 Aberdeen Global Technology 1.50% no S$ 0.70 0.70 0.70 0.70 0.68 0.36% 2.65% AB Glb Thematic Research-A 1.70% no S$ 26.95 26.81 26.69 26.79 26.62 0.52% 1.24% First State Asia Opportunities Fund* 1.75% no S$ 1.07 1.06 1.05 1.06 1.07 1.00% -0.01% Henderson Global Technology 1.33% no S$ 2.72 2.73 2.74 2.75 2.68 -0.37% 1.49% Eastspring Inv UT Global Tech 1.50% yes S$ 0.99 0.99 0.99 0.99 0.97 -0.10% 1.96% United Global Technology Fund 1.75% no S$ 1.68 1.68 1.67 1.69 1.66 0.36% 1.63% United Global Telecoms Fund 1.50% no S$ 0.95 0.94 0.94 0.93 0.91 0.95% 4.84% *The name of this fund was changed on 06-Sep-16 from "First State Asia Innovation Fund" (XVI) Life Sciences / Health Care AB International Health Care A Fidelity Glb Healthcare UOB United Global Healthcare Fund

1.80% 1.50% 1.75%

no no no

S$ € S$

362.36 36.39 4.16

357.90 35.96 4.08

356.92 35.87 4.03

355.89 36.08 4.06

347.49 34.50 3.96

1.25% 1.20% 1.94%

4.28% 5.48% 4.95%

(XVII) Global Climate Change Schroder ISF Gb Climate Ch Eq A Acc SGD

1.50%

no

S$

11.27

11.22

11.26

11.18

11.18

0.43%

0.80%

(XVIII) Financials Fidelity Glb Financial Services United Global Financials

1.50% 1.50%

no no

€ S$

33.00 2.38

32.72 2.36

32.97 2.36

33.52 2.37

32.98 2.35

0.86% 0.80%

0.06% 1.19%

(XIX) Commodities First State Global Resources Schroder AS Commodity Fd SGD A Acc United Global Resources Fund United Gold & General Fund

1.50% 1.50% 1.50% 1.50%

yes no no no

S$ S$ S$ S$

0.94 4.82 0.61 1.17

0.92 4.79 0.59 1.09

0.90 4.72 0.57 0.98

0.92 4.75 0.56 0.98

0.94 4.79 0.58 1.07

3.04% 0.63% 2.87% 7.35%

0.00% 0.63% 4.63% 8.85%

FIXED INCOME (I) Global Mgt Fee Nikko AM Shenton World Bank Green Bond Fund* 1.00% Nikko AM Shenton Income Fund SGD** 1.00% Nikko AM Shenton ShortTerm Bond SGD 0.30% FTIF-Templeton Glb Bond A(mdis) SGD-H1**** 0.75% Legg Mason WA Global Bond Trust 0.75% LionGlobal Short Duration Bond Fund*** 1.00% Schroder ISF Glb Co Bnd A Acc USD 0.75% Schroder ISF Glb Co Bnd SGD hedged 0.75% *The fund will pay a dividend in mid-January. Ex Date: 03 January 2017 **The fund will pay a dividend in mid-January. Ex Date: 03 January 2017 ***The fund will pay a dividend in late-January. Ex Date: 03 January 2017 ****The fund will pay a dividend in mid-January. Ex Date: 09 January 2017 (II) Regional Pimco Total Return Bond SGD-hedged 1.40% Nikko AM Shenton Asia Bond S$(CL A)* 1.00% Deutsche Lion Bond Cl A 0.50% Lion Global SGD Money Market 0.25% PIMCO Emerg Mkt Bd Cl E SGD Hedged 1.69% Schroder Asian Credit Opportunities** 0.75% Schroder Asian Investment Grade Credit Class A*** 1.10% Schroder ISF EM Debt Ab Return SGD hedged 1.50% *The fund will pay a dividend in mid-January. Ex Date: 03 January 2017 **The fund will pay a dividend in late-January. Ex Date: 03 January 2017 ***The fund will pay a dividend in late-January. Ex Date: 03 January 2017 (III) High Yield Allianz US High Yield SGD hedged 1.20% AB Glb High Yield SGD hedged 1.70% Aviva Inv Global High Yield SGD hedged 1.20% Eastspring Inv Asian HY Bond SGD ASDM hedged 1.25% Fidelity US High Yield AMDIST 1.00% Fidelity EUR High Yield AMDIST 1.00% Fidelity Asian High Yield AMDIST SGD hedged* 1.00% Legg Mason Glb High Yield SGD hedged 1.25% PIMCO US High Yield Bond 1.45% Schroder ISF Glb HY A DIS SGD-H 1.00% *The fund will pay a dividend in early-January. Ex Date: 02 January 2017

Weekly Chg Mthly Chg CPF Currency 050117 291216 221216 151216 081216 050117 v 291216 050117 v 081216 no S$ 0.80 0.82 0.81 0.81 0.81 -2.20% -0.99% no S$ 1.34 1.35 1.35 1.34 1.34 -0.45% 0.07% yes S$ 1.45 1.45 1.45 1.45 1.45 0.08% 0.05% no S$ 11.65 11.77 11.81 11.81 11.55 -1.02% 0.87% yes S$ 1.39 1.39 1.39 1.38 1.39 -0.07% 0.22% yes S$ 1.64 1.65 1.65 1.64 1.65 -0.51% -0.52% no US$ 10.69 10.69 10.64 10.61 10.63 -0.02% 0.61% no S$ 11.92 11.92 11.86 11.82 12.04 0.01% -0.96%

no no yes no no no yes no

S$ S$ S$ S$ S$ S$ S$ S$

38.00 0.86 1.70 1.27 57.13 0.58 0.86 6.72

37.74 0.87 1.70 1.27 56.59 0.58 0.87 6.70

37.57 0.87 1.70 1.27 56.34 0.58 0.87 6.68

37.41 0.87 1.70 1.27 55.84 0.58 0.87 6.66

37.75 0.87 1.70 1.27 56.08 0.58 0.87 6.71

0.69% -2.06% 0.03% 0.01% 0.95% -1.37% -0.92% 0.30%

0.66% -2.17% -0.11% 0.06% 1.87% -1.37% -1.03% 0.24%

no no no no no no no no no no

S$ S$ S$ S$ S$ S$ S$ S$ US$ S$

8.22 13.56 10.38 9.74 0.96 0.78 0.92 0.85 28.29 45.54

8.17 13.58 10.37 9.72 0.97 0.78 0.91 0.84 28.01 45.42

8.16 13.46 10.33 9.70 0.96 0.78 0.91 0.84 27.92 45.25

8.17 13.38 10.32 9.69 0.96 0.77 0.91 0.84 27.81 45.01

8.18 13.41 10.28 9.72 0.95 0.77 0.92 0.84 27.80 44.89

0.61% -0.15% 0.11% 0.24% -0.93% 0.00% 0.44% 0.95% 1.00% 0.27%

0.49% 1.12% 0.97% 0.21% 1.37% 1.42% 0.22% 1.07% 1.76% 1.44%

Weekly Chg Mthly Chg REAL ESTATE Mgt Fee CPF Currency 050117 291216 221216 151216 081216 050117 v 291216 050117 v 081216 Nikko AM Shenton Gl Prop SecsFund SGD* 1.50% yes S$ 0.91 0.90 0.90 0.88 0.89 0.78% 2.36% First State Global Property Invt 1.50% no S$ 0.88 0.86 0.86 0.85 0.85 1.50% 2.59% Henderson Asia Pacific Property Equity 1.33% no S$ 0.86 0.85 0.84 0.84 0.86 1.18% 0.00% Henderson European Prop Sec 1.33% no S$ 2.61 2.60 2.58 2.50 2.51 0.38% 3.98% Henderson Global Property Eq Fd 1.33% no S$ 1.09 1.08 1.07 1.07 1.07 0.93% 1.87% United Global Real Estate Securities Fd** 1.30% no S$ 0.76 0.75 0.74 0.73 0.75 0.53% 1.34% *The fund will pay a dividend in mid-January. Ex Date: 03 January 2017 **The fund will pay a dividend in late-January. Ex Date: 03 January 2017 HIGH PAYOUT Allianz Glb High Payout (SGD) 1.65% yes S$ DWS Invest Top Dividend LDQ SGD 1.50% no S$ First State Bridge 1.25% yes S$ First State Dividend Advantage* 1.50% yes S$ Henderson Hzn Asian Div Inc-A3 SGD** 1.20% no S$ Schroder Asian Income SGD*** 1.25% no S$ Eastspring Investments MIP A 1.25% no S$ Eastspring Investments MIP M**** 1.25% no S$ *The fund will pay a dividend in late-January. Ex Date: 03 January 2017 **The fund will pay a dividend in late-January. Ex Date: 02 January 2017 ***The fund will pay a dividend in mid-January. Ex Date: 03 January 2017 ****The fund will pay a dividend of S$0.004 per unit in mid-January. Ex Date: 02 January 2017

0.48 14.50 1.59 1.58 13.39 1.13 0.97 0.92

0.48 14.50 1.58 1.59 13.33 1.12 0.97 0.92

0.48 14.45 1.57 1.57 13.27 1.11 0.96 0.92

0.49 14.32 1.58 1.59 13.38 1.12 0.96 0.91

0.49 14.06 1.59 1.61 13.51 1.12 0.96 0.92

0.00% 0.00% 0.63% -0.43% 0.45% 0.54% 0.72% 0.44%

-1.02% 3.13% -0.30% -1.54% -0.89% 0.09% 1.04% 0.66%

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