“Momentum in US markets shows little sign of slowing down. Consensus expects the S&P 500 Index to deliver double-digit growth yet again this year or a 10.9% increase from current levels, even after two consecutive years of strong 20% growth in 2023/2024,” the analysts note.
Following the inauguration of Donald Trump’s second term as the US president, DBS Group Research analysts have identified several US exchange-traded funds (ETFs) across five key areas as top picks for investors.
Analysts Foo Fang Boon and Ling Lee Keng expect the US to continue its strong performance; for artificial intelligence (AI) to remain a dominant force; the growth of the financial, consumer discretionary and industrial sector; a positive backdrop for small-cap companies in the US; and for gold to shine.
