Overweight high-yield EM bonds: Bank of Singapore
Most overvalued asset class right now is government bonds, says head of managed investments Hou Wey Fook
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Singapore
INVESTORS would likely do well to overweight high-yield emerging-market bonds and underweight investment-grade developed-market bonds in the second half of this year amid low interest rates and high market volatility, Bank of Singapore's head of managed investments Hou Wey Fook said on Thursday.
Speaking at an investment outlook briefing held at the Ritz Carlton hotel, Mr Hou also said that to moderate the impact of market falls on portfolios, investors should also sell covered calls on their equity holdings, adding that he does not expect stocks to enter a bear market this year.
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