A trip on the MRT train turned out to be fruitful.
I saw in the train advertisement Aberdeen is still promoting its Asian Bond Funds. This fund is special because it will appreciate if Asian currencies rise in value further. It further confirmed my earlier views that S$ will probably rise to 1:1 against US$ but will depreciate rapidly to 1:1.6 once US Federal Reserve hike rate sharply. Retail investors will be burn again.
As retail investors usually get the timing wrong, this product will likely end up like the DBS mini bonds.
Let us see how the story unfolds.
