Bank of Singapore Is Cautious on Equities Into Second Half

The transcript discusses a cautious approach to equity investments due to recent market gains and upcoming major events. Despite this caution, there is a focus on emerging market high yield bonds, which are seen as valuable due to their higher spreads compared to investment-grade bonds. The discussion highlights a neutral stance on equities while being overweight in emerging market high yield bonds.

What is the significance of the upcoming political events mentioned in the text?

What are the implications of the spreads mentioned in relation to emerging market investment grade?