Scant bond returns will divert investors to equity: JP Morgan
But after a 10-year bull market, the already-high prices of stocks may limit future gains
Singapore
THE return potential from holding stocks looks more attractive than the returns available from bonds, given the sharp reversal in global monetary policy, but already-high prices may limit future stock gains.
This is the view that JP Morgan Asset Management (JPMAM) spells out in its 2020 Long-Term Capital Market Assumptions report released on Thursday.
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