DBS to add defence funds after Trump win
The Singapore bank sees opportunities stemming from Donald Trump's plans to boost military and infrastructure spending, while it is shifting focus away from sovereign bonds.
Singapore bank DBS intends to add defence-sector-related funds to its shelves and has made other changes to its product focus list following Donald Trump’s victory in last week's US presidential election.
Given Trump’s plan to increase military spending, the sector will provide good investment opportunities, said Frank Lee, acting chief investment officer for North Asia at DBS.
The firm, which last month agreed to buy ANZ’s Asian private banking arm, has no defence-related funds…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.