Bank of Singapore Is Cautious on Equities Into Second Half

The transcript discusses a cautious approach to equity investments due to recent market gains and upcoming major events. Despite this caution, there is a focus on emerging market high yield bonds, which are seen as valuable due to their higher spreads compared to investment-grade bonds. The discussion highlights a neutral stance on equities while being overweight in emerging market high yield bonds.

What is the current stance on equities according to the speaker?

• Aggressively buying

• Bearish and underweight

• Cautious and neutral

• Bullish with high conviction

What major events are contributing to the cautious outlook on equities?

• Upcoming corporate earnings

• Political elections

• New technology launches

• Interest rate hikes

What is the speaker's view on government bond yields?

• Yields have a lot of room to fall

• Yields will remain stable

• Yields are expected to rise significantly

• Yields have limited room to fall further

Which asset class is the speaker overweighting in their portfolio?

• Domestic equities

• Emerging market high yield bonds

• Real estate

• Government bonds

What is the performance of emerging market high yield bonds year to date?

• Positive returns

• Unchanged

• Flat performance

• Negative returns