Bonds and precious metals the flavour

Wong says bonds offer relatively better advantages in the shorter run as an investment asset class over equities in times of uncertainty, declining interest rates and recessionary period or slowing growth.

PETALING JAYA: While the local equity market is looking for catalysts, the uncertainty and volatility in markets has attracted funds into bonds, precious metals and cryptocurrencies.

The banking failures in the United States have left global investors with a strong consensus that the path of least resistance for US front-end rates is lower with the Federal Reserve (Fed) cutting rates priced-in.