Time to put more into equities? Be selective, say private banks
But some say the unprecedented stimulus from governments and central banks globally will put a floor to risk assets.
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Genevieve Cua
GLOBAL infections from the novel coronavirus continue to mount and fatalities as well. Yet stock markets have shown spurts of strength.
The S&P 500 for example has rebounded by over 27 per cent since its March 23 multi-year low. Is it time to ratchet up your portfolio's risk exposure?
Not surprisingly, a number of private banks are telling their high net worth clients to be selective in the risks they choose to take, favouring credit for instance and other fixed income assets.
