KUALA LUMPUR: HwangDBS Investment Management Bhd (HwangDBS IM) sees recovery in US equities in the coming months and aims to capitalise on it now by launching a fund that tracks the Standard and Poor’s 500.
The S&P 500 Index was expected to recover by as early as the second half of this year on the back of economic stimulus measures, said HwangDBS IM chief executive officer and executive director Teng Chee Wai.
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