UOB Asset Management (UOBAM) on Monday said that its third quarter
Singapore equity strategy is overweight on the consumer staples, real
estate, healthcare, and information technology sectors.
The financial sector has been raised from slight underweight to neutral; UOBAM also has a neutral position in energy.
Said UOBAM in its quarterly investment strategy report for Q3 2015:
"The Singapore market is expected to continue to trade in a range in the
quarter ahead, driven by unexciting corporate earnings offset by
relatively supportive valuations."
The bank's strategy for Q3 is underweight on consumer discretionary, industrials, and telecommunication services.
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