2026 Mid-Year Market Outlook: Where Are We in the Investment Cycle?
(CODE: 260518LU-CEX)
CPT/CE Eligibility (A Recognized CPT Provider)
| CPT hour(s) | TBC |
| PL (CE) hour(s) | TBC |
| RBV CPD hour(s) | TBC |
As markets progress through 2026, investors face growing uncertainty around macro conditions, market leadership, and portfolio positioning. A key question remains: where are we in the investment cycle?
This mid‑year outlook luncheon features a panel discussion examining current market signals, investor behaviour, and capital flows, with a focus on what these trends may imply for asset allocation in the second half of the year. Join us for an engaging exchange on how practitioners are interpreting the current phase of the cycle and how investors can prepare for what lies ahead.
About the Speakers
Mr. Terrence Ling
Head of ETF Sales
Hang Seng Investment Management Limited
Terrence Ling is now the Head of ETF sales of Hang Seng Investment Management Limited. He is responsible for the distribution of Hang Seng ETFs, covering both institutional investors and intermediaries including private banks, securities brokers, and family offices. He is also the team manager managing the ETF sales team to drive the ETF sales at Hang Seng Investment.
Prior joining Hang Seng Investment, Terrence was the Vice President of the Equities department of CMB International. He was mainly responsible for the development of retail equity business. He was responsible for serving executives of listed companies and high net worth investors. He also represented the company to share the market views in traditional and emerging media.
He was also the head of ETF distribution at Samsung Asset Management (Hong Kong) Co., Ltd., responsible for the distribution and development of exchange-traded fund business. He represented the company in interviews with different media (including traditional television, radio, and online media platforms) and provides investment education seminars and market analysis to investors.
He also served as the business development manager of J.P. Morgan Asset Management for around 10 years, mainly responsible for promoting and developing the online investment platform business. Terrence is a licensed representative of Hong Kong Securities and Futures Commission No. 4 (advising on securities) and No. 9 (providing asset management) and holds a bachelor's degree in business administration (management and finance) from the Hong Kong University of Science and Technology.
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Mr. Gilbert Wong, CFA
Portfolio Manager and Research Director
Quantbot Technologies
Gilbert Wong is a Portfolio Manager and Research Director at Quantbot Technologies, where he manages a market-neutral equity long/short portfolio seeded by Schonfeld. Before that, he also managed SMAs for US endowments and Middle-East sovereign funds at NorthRock and Morgan Stanley. At Morgan Stanley, Gilbert was also appointed as Head of Asia Quantitative Research; his research team was ranked #1 in the Extel Asia Sellside Survey from 2021 to 2024. Gilbert was also a senior member of the Morgan Stanley Asia Equity Strategy team, and part of the firmwide executive team for the AI integration project. Before that, Gilbert worked at Pictet Asset Management and Franklin Templeton, where he covered macro research and portfolio strategy.
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About the Moderator
Mr. Adam Wong, CFA
Executive Director
CFA Society Hong Kong
Adam Wong is currently an Executive Director at a global bank. He was previously an ultra-high-net-worth banker and co-chair of the Asia Advisory Council of JP Morgan Private Bank, and co-founder of the JPM running team in Hong Kong.
Adam serves as Vice Chair and previously served as Chair of the Continuing Education Committee. He was co-chair of Member Services Committee and helped establish the Society’s running team as well as Mentorship Program. He graduated from the University of Hong Kong with First Class Honours, majoring in Economics and Finance. He is a FRM, as well as an AWS Certified Cloud Practitioner.
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Remarks
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