Bangkok Post – UOBAM steers investors towards corporate bonds

UOB Asset Management (UOBAM) recommends investors reduce their cash and short-term government debt instrument holdings as the cycle of interest rate hikes has passed.

To cash in on the trend of declining interest rates, invest in corporate bonds around the world as treasuries have dropped sharply, making yield levels on the credit side more attractive, said chief executive Vana Bulbon.

As markets normalise amidst improved economic conditions, investors can breathe a sigh of relief that the “hard part is over” and the US economy will avoid a hard recession, though EU and China face more challenges, said Mr Vana.

“We recommend portfolio…