CIOs upbeat on bonds despite expected rate hike
Demand for yield and fixed income seen as a secular trend in ageing populations
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EVEN though the market expects the US Federal Reserve to hike rates after its Wednesday meeting, various chief investment officers (CIOs) and senior investment analysts are sanguine about the interest rate-sensitive bond market.
Ageing populations across the world still mean slow economic growth and a persistent demand for bonds, they said at a roundtable organised by the Investment Management Association of Singapore.
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