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
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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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