Speaking at the BOS’s 2026 Outlook conference at Marina Bay Sands Convention Centre on Jan 8, Lee shared that the bank is neutral on US equities.
Ask investors which country’s stock market they want to park their capital into and they will probably point to the US. In 2025, the country’s flagship S&P 500 index recorded 17.9% in total returns. A large part of those gains came from big tech giants like Nvidia and Google parent company Alphabet who contributed 15.5% and 13.5% of the index’s annual gains respectively.
Those looking to maintain their focus on US equities alone, however, may want to rethink their portfolio allocation, says Eli Lee, the Bank of Singapore (BOS)’s chief investment strategist.
