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.
A few, however, favour equities. Hou Wey Fook, DBS Bank chief investment officer, recommends that clients with high cash holdings should "dial up" their equity investments.
"In our view, the unprecedented stimulus from governments...
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