administration," state Nomura analysts Chetan Seth, Anshuman Agarwal and Ankit Yadav in their March 13 note.
For investors concerned about an increasingly likely US slowdown, they might want to rotate from "crowded" Singapore banks to "fairly unloved" Singapore-listed REITs, which as an asset class has been underperforming because of higher interest rates, according to Nomura.
"US exceptionalism theme has come under much greater scrutiny in the wake of trade and tariffs uncertainty and back-and-forth from President Trump’s
