Bank of Singapore (BoS)

Investors should overweight on equities, especially in Asia ex-Japan. EM High-Yield bonds are also recommended.

Bank of Singapore’s chief economist Mansoor Mohi-uddin says inflation is set to pick up again in the first half of 2021.

Despite some market turbulence ahead, Lee calls on investors to fix their eyes on an impending economic re-opening.

The results surpassed expectations of analysts’ estimates compiled by Bloomberg, which stood at $787 million.

China currency, equities, bonds and private market assets will be an important source of return and diversification, says BoS.

So far, the US has only regained 11.417 million of the 22.160 million jobs lost from the pandemic in March and April.

"We believe it is time for caution but not panic,” says Bank of Singapore (BOS) Head of Investment Strategy Eli Lee.

BOS Chief Economist Mansoor Mohi-uddin sees the Fed’s dovish outlook keeping US Treasury yields very low, supporting risks assets while weakening the US Dollar further.

Already, the likes of UBS Group AG and JPMorgan Chase & Co. have seen the growth of new money in Asia take a hit.

The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against Aw Yong Seng, a former representative of Prudential Assurance Company Singapore and Chew Swee Sun Johnny, a former representative of the Bank of Singapore.