Broker: DBS Bank
Date of Report: 7 April 2026
Excerpt from DBS Bank report.
Report Summary
- Key Investment Idea: In the current geopolitical and macro environment, DBS recommends diversification across asset classes as the optimal safe haven strategy. No single asset is a universal safe haven.
- Highlighted ETFs & Actionable Insights:
- iShares Core U.S. Aggregate Bond ETF (AGG US): Recommended as a defensive holding to ballast equity risk. Large, diversified U.S. bond ETF with strong liquidity and low cost. Action: Consider as a core portfolio holding for income and drawdown protection.
- Invesco S&P 500 Low Volatility ETF (SPLV US): Recommended for de-risking equity exposure. Tracks the 100 least volatile S&P 500 stocks and offers downside protection. Action: Consider for conservative equity allocation, especially during elevated volatility.
- SPDR Straits Times Index ETF (STTF SP): Singapore equities stand out as a regional safe haven with strong fund inflows and resilience. Action: Consider for core local equity allocation, benefiting from sector stability and dividend support.
- Performance Highlights:
- AGG US: 1-year total return 3.8%
- SPLV US: 1-year total return 7.9%
- STTF SP: 1-year total return 35.1%
- Most Important Idea: Diversification across gold, oil, bonds, and defensive equities is advised for portfolio resilience. Select ETFs with clear defensive or income attributes are recommended for risk mitigation and stability.
above is an excerpt from a report by DBS Bank. Clients of DBS Bank can be the first to access the full report from the DBS Bank website : https://www.dbs.com.sg
