Prudential Malaysia CIO flags US recession concerns

Prudential’s Malaysia operation has pulled back on investment risk, especially in equities, as it gauges the potential outcome of a flattening US yield curve and mounting trade tensions on economic growth prospects. Esther Ong, chief investment officer of Prudential Malaysia, told AsianInvestor earlier this month that it, like other major bond holders, is becoming more cautious in its investment stance. “The [US] yield curve has flattened a lot and the market sees that as a sign…