DBS picks S-Reits to benefit from low bond yield

While trade issues have dented the global growth outlook, the bank's chief executive officer Piyush Gupta thinks that a recession is unlikely this year

Published Thu, Jul 4, 2019 · 09:50 PM

DBS

Singapore

THE Singapore market has recovered from May's sell-off brought about by worsening US-China trade relations. Going forward, local equities are expected to trade within range thanks to support from attractive valuations compared to regional peers.

DBS Bank's chief investment officer (CIO) Hou Wey Fook said that Singapore real estate investment trusts (S-Reits) remain the bank's favoured sector to benefit from the low bond yield and dovish central bank environment.

Investors have in recent weeks turned to picking up S-Reits, thanks to central banks taking an accommodative stance to combat the global economic slowdown. This has resulted in high valuations and c…