As risk of further slowdown building up, we have our new suggested portfolio allocation for year 2016/2017. We will reduce equities to 30% but increase our allocation in REITs, Hedge Fund and Cash. In the REITs portfolio, we will focus into Singapore REITs or medical assets associated REITs in Malaysia. As Singapore has surpassed Hong Kong as 3rd largest financial hub of the world. We believe activities will persist and grow further in years to come. As medical centers related REITs are expected to do well due to lack of hospital in my view. We think an average of 6 to 7% stable yield can be expected from associated REITs.
We recommend increase in hedge particular Gold, foreign currency and oil (if applicable). As we believe the continous low interest situation and debt mounting issues will eventually move Gold and Oil back to the high side. We also will build up more cash into fix income investment. As we believe a more volatile market will provide opportunities for more cheap asset available. We believe it is time to reduce any debt level soonest possible.