Amid rising recession risk, DBS CIO Hou Wey Fook keeps his eye on the Fed and discusses if markets have sufficiently priced-in headwinds
Chief Investment Office27 Sep 2022
- Rising recession risk with Fed Funds rate set to rise towards 4.5%
- Neutral weight equities; Stay with quality and dividend-yielding equities
- Favour sectors that stay resilient despite recession headwinds, such as healthcare
- IG bonds, rated A/BBB with yields exceeding 5%, represent stable source of income
- Dollar-cost average to add high quality bonds and equities
