Doha Bank hosted an online client event on 31st March 2021 on the topic of “Investment Outlook”. The event was sponsored by the Private Banking division solely for their high net worth clients in Qatar.
The event was kicked off by Slim Bouker, Head of Private Banking who briefly spoke about the partnership with Bank of Singapore, Asia’s Global Private Bank. The guest speaker Karim Aita, Director / Investment Counselor at Bank of Singapore provided a client investment outlook update and covered the following topic:
- The effects of easy monetary policy and unprecedented fiscal stimulus on economic growth and risk assets.
- The tipping point in treasury yields.
- Rotation into Cyclical and Value stocks from Growth and Momentum stocks.
- Chinese Equity turbulence, structural bull market still intact.
- How to hedge against inflation?
- Underweight Investment Grade Fixed Income.
- Cryptocurrency Vs Gold.
- FX and commodity overview.
Karim said:” We remain positive on risk assets and we recommend to stay invested during near term volatility. This is echoed through our overweight positions in equity and Emerging Markets High Yield. The long-term outlook remains positive given the vaccine driven economic recovery.
The rise in yields is reflecting improving economic growth prospects and higher inflation expectations. The tipping point where higher yields threaten to end the post-pandemic rally in risk assets still has some distance to go. Our medium-term USD forecast remains in favour of a weaker dollar although near term consolidation is likely.”
At the closing of the event Slim emphasized on the fact that Doha Bank supports the views of “Capital preservation and growth, our customers are conservative, so we encourage them to diversify their investments to better manage their risk and hedge against volatility. At the same time, it is important to stay invested in the market and invest smart for the long term.”
Source: DOHA BANK