On a global search for yield
Some investors going for "cyclical yields", noting cyclical valuations are at 10-year low relative to defensives; Reits deemed pricey, with forex loss and hedging cost risks
Add BT as a preferred source
Singapore
WHEN traders sold off shares of container port owner Hutchison Port Holdings Trust on Monday following news of a HK$19 billion (S$3.3 billion) impairment charge, Margaret Weir was busy buying.
"I'm very confident of this business," says Ms Weir, who manages US$5.6 billion in Asia-Pacific dividend strategies at Eastspring Investments, the asset management unit of insurer Prudential. She cites increasing port throughput and room for ports to increase tariffs, as low oil prices increase shipping activity.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Manulife pulls loan product for rich Hong Kong clients after scrutiny
