Despite the handsome gains in 2023 and 2024, retaining some exposure to the US market is also “not a bad idea” even though US valuations have become “toppish”. He adds that the US economy continues to be “relatively robust” due to strong employment numbers and consumption.
The investment landscape this year is complicated; yet, having a traditional mainstream 60% equities and 40% bonds portfolio is “not a bad thing”, says DBS Group Holdings CEO Piyush Gupta.
The benchmark 10-year US Treasury bond gives a yield of around 4.75% now, and, including credit spreads, a “decent” portfolio with a yield of around 6.5% to 7% can be built, Gupta noted at a dinner for DBS Private Bank’s clients on Jan 13, his last as CEO before his retirement in March.
