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Favour equities over bonds in 2018

But returns are likely to moderate compared to 2017, says UOB Private Bank's CIO

Genevieve Cua

Published Thu, Dec 7, 2017 · 09:50 PM

Singapore

FAVOUR equities over fixed income in 2018, says UOB Private Bank chief investment officer Neo Teng Hwee. But rein in expectations of returns as valuations are elevated this year.

2017 has turned out to be a Goldilocks environment for investors, thanks to easy monetary policy and synchronised global growth amidst the absence of inflation. The consensus global growth forecast is "healthy'' for 2018 at 3.6 per cent.