IPP Financial Advisers

IPP is proud to have been a sponsor at this year’s Seedly Personal Finance Festival 2024, an annual event aimed at spreading personal financial knowledge and empowering individuals. Our Director of Investment, David Mok, was also a panel speaker at the event, and shared his knowledge and insights for better investment outcomes. We hope all participants had a fruitful and enjoyable event! Shaun Lim

Major U.S. Indices ended the trading week in the green as reports of different inflation reports continued to show mixed progress on the war on inflation. The Dow Jones Industrial Average index inched up by 0.34 percent and closed at 37,592.98. However, the S&P 500 rose by 1.84 percent and the Nasdaq Composite surged by 3.09 percent and closed at 4,783.83 and 14,972.76 respectively.

In partnership with FWD, IPP raised $35,000 for Special Olympics Asia Pacific over the last year. The Special Olympics has been working hard to create opportunities for people with intellectual disabilities to play sports and have access to better healthcare, education and other opportunities in our communities across the region, especially in the wake of the challenges presented by the COVID-19 pandemic. IPP is proud to have contributed to helping Special Olympics create more opportunities for athletes to play and compete and build a truly inclusive society.

US indices recorded their seventh consecutive week of gains to end off the trading week as investors reacted to inflation data reports which indicated a more benign inflation environment. The Dow Jones Industrial Average index increased by 2.92 percent and closed at 37,305.16. S&P 500 rose by 2.49 percent and the Nasdaq Composite rose by 2.85 percent and closed at 4,719.19 and 14,813.92 respectively.

🥂From Squid Game to Snow White, everyone was dressed to the nines as we gathered for our annual company dinner & dance to toast to all the staff who work hard to keep this ship running smoothly. Featuring both improvised sing-offs and dance-offs, it was a memorable night of entertainment, drinks and laughter, and a chance to relax, have fun, and party as guests battled it out on the runway for best dressed of the night. 🥂 A big thank you to the D&D committee who worked tirelessly to make sure our guests had a wonderful time!

Major US indices ended the trading week in the green as stronger-than-expected earnings and guidance from technology oriented firms boosted risk sentiment. The Dow Jones Industrial Average index increased by 0.65 percent and closed at 34,283.10. However, the S&P 500 gained 1.31 percent and the Nasdaq Composite rose by 2.37 percent and closed at 4,415.24 and 13,798.11 respectively.

US indices staged a major comeback to end the trading week in the green as signs of a slowing economy and a policy statement from the Federal Reserve that was generally perceived as dovish improved risk sentiment. The Dow Jones Industrial Average index increased by 5.07 percent and closed at 34,061.32. However, the S&P 500 jumped by 5.85 percent and the Nasdaq Composite rallied by 6.61 percent and closed at 4,358.34 and 13,478.28 respectively.

Major indices fell across the board to end the trading week in the red as geopolitical concerns and a rise in long-term bond yields to new 16-year highs weighed on sentiments. The Dow Jones Industrial Average index decreased by 1.61 percent and closed at 33,127.28. However, the S&P 500 declined by 2.39 percent and the Nasdaq Composite fell by 3.16 percent and closed at 4,224.16 and 12,983.81 respectively.

The major indices ended slightly positive as the release of minutes from the Fed's last meeting, which helped fuel investor hopes that rates would stay steady. The Dow Jones Industrial Average index increased by 0.48 percent and closed at 33,670.29. However, the S&P 500 inched up by 0.93 percent and the Nasdaq Composite increased by 1.42 percent and closed at 4,327.78 and 13,407.23 respectively.

IMPORTANT NOTICE Beware of a scam where IPPFA, including our representative's individual profile, has been impersonated to scam consumers with fast-returns investment schemes. A scam on Facebook promises quick (within 12 hours) and substantial returns (3 times the investment amount) for a small investment amount (e.g. $300), but will ask for more money to withdraw any capital and profits. More information at https://hubs.la/Q025fZJM0