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DBS picks S-Reits to benefit from low bond yield
While trade issues have dented the global growth outlook, the bank's chief executive officer Piyush Gupta thinks that a recession is unlikely this year
Published Thu, Jul 4, 2019 · 09:50 PM
Singapore
THE Singapore market has recovered from May's sell-off brought about by worsening US-China trade relations. Going forward, local equities are expected to trade within range thanks to support from attractive valuations compared to regional peers.
DBS Bank's chief investment officer (CIO) Hou Wey Fook said that Singapore real estate investment trusts (S-Reits) remain the bank's favoured sector to benefit from the low bond yield and dovish central bank environment.
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