Major China banks, Europe oil players seen as strong yield plays

Singapore

MARKET volatility and a negative interest rate environment may spell a dour outlook for yield seekers but strategists still see scope for chasing yield plays among global equities, including European oil majors and China banks.

In fixed income, BB and BBB grade emerging market (EM) corporate bonds also present an opportunity during the home stretch of the year.

Hou Wey Fook, DBS Bank's chief investment officer (CIO), said recently at the bank's Q4 outlook briefing that opportunities are present in high dividend stock…