Views and opinions are those of the author as of date of publication, subject to change based on market conditions. Not to be construed as investment recommendation. Forecasts and estimates may or may not come to pass. Investments involve risk. Investors should make their evaluation or seek independent advice and review o�ering documents prior to making any investment. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore. Originally published on 2 March 2019 in The Business Times.

By Eric Bernbaum, The Business Times, 2 March 2019