Hou Wey Fook

The suggestion stemmed from emerging technologies such as autonomous vehicles, AI, robots and reusable rockets.

The DBS CIO team also talks about pockets of opportunities in Asia ex-Japan equities, tailwinds for gold, and more.

At this point, the CIO prefers bonds to cash due to their 5% yield, which provides consistent cashflows into a portfolio.

AI stocks, which have seen outsized returns in the past year, is also still a sector the team views positively.

Semiconductor, software, cybersecurity, cloud service, and dataset owners are the investment themes benefitting from AI adoption

“Self-sufficiency will spur a multi-year capex spending in technology."

DBS is optimistic that the time is near for investors to see the start of recovery.

The sums raised achieved new highs in their respective fields, according to the bank.

SINGAPORE (July 2): Worries over trade tensions between the US versus China and Europe may have rattled markets in recent months, but DBS believes that a protracted, full-blown war is not likely to happen.