Chief Investment Officer Hou Wey Fook calls for a barbell strategy to ensure portfolio resilience in a time of change

We see strong momentum in utilities, consumer staples, and healthcare

Market expectations of policy rates for central banks remain on the downtrend, fixed income investors to lengthen duration and deploy cash more aggressively.

US election outcome feeds into the cyclically-driven USD-positive narrative

Gold in a good position for future rallies with the first Fed rate cut in four years

Short-term outlook remains bleak but selective and targeted growth opportunities to arise moving forward