Riding on corporate and economic recovery starting this year, stocks can outperform fixed income assets in the next few years but investors must also consider investing in equities in selected overseas markets.
This was according to Smith Chua, chief investment officer at BPI Asset Management and Trust Co. (BPI-AMTC), who said during Friday’s launch of the firm’s new podcast platform on Spotify, Wealth Radio, that the main-stock barometer Philippine Stock Exchange index (PSEi) could hit at least 7,600 to as much as 8,000 this year.
This suggests an increase of at least 6.4 percent to as much as 12 percent from last year’s PSEi finish of 7,139.71, in turn seen supported by a rebound…
Keep on reading: Stocks seen outperforming fixed-income investments