As we look to 2025, we see a world navigating profound changes with Trump 2.0, a catalyst for significant shifts in the global geopolitical and economic landscape. The new US administration will put renewed focus on America-first initiatives and stricter trade policies could result in headwinds for the rest of the world and trade-dependent countries.
As we enter 2025, we are holding a broadly risk-on stance in our tactical asset allocation with an overall Overweight position in equities. We discuss the implications for our tactical asset allocation across equities, bonds, commodities, and private markets, as well as a refresh of the Bank of Singapore Supertrends.
Jean Chia, Global Chief Investment Officer, Bank of Singapore.
Eli Lee, Chief Investment Strategist, Bank of Singapore.
