Economics
UOB Asset Management Breaks From Rivals by Favoring Bonds Over Stocks
- UOB Asset Management is overweight fixed income in outlook
- Firm remains on ‘the lookout’ for Asia performance to catch up
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UOB Asset Management Ltd. has advice for multi-asset investors: pick bonds over stocks and U.S. equities over Asian shares.
With expectations for muted growth, the money manager recommends a strategy to retain and accumulate capital through bond yields and stock dividends. Corporate and Asian debt are reasonably valued and opportunities to buy on declines should arise, Anthony Raza, the head of multi-asset strategy, said at an event Thursday in Singapore.