outlook on the equities market, according to the latest investor sentiment survey conducted by online brokerage firm COL Financial.
Fausto said investor sentiments shifted to neutral from bullish outlook at the start of the year and cited high inflation rate and global recession as the major risks for the market. COL Financial chief equity strategist April Lynn Tan said local investors should prefer bonds and real estate investment trust firms over stocks over the next six months to ride the “difficult” second half of the year.“Among different asset classes, we think bonds and REITs will perform best in the short term because of their steady interest income/dividends, which are more valuable in a falling interest rate environment,” Tan said.
Tan said interest rates and the peso may have peaked, but the weaker economic growth outlook would hurt corporate earnings and sentiment for stocks.
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