As the COVID-19 crisis deepens, Singapore businesses find themselves in circuit breaker mode, and we are almost 100% assured of entering into a recession. A trough economy where a nation experiences negative GDP growth is not entirely bad for investors. The retail bond asset class has emerged as a means to preserve value during these troubled times.

The problem with retail bonds is that they often lack liquidity and there isn’t sufficient varieties available on SGX, so readers may wish to purchase a bond ETF instead.

For retail investors who wish to invest in individual retails bonds, one attractive counter I have recently added into my margin account is Astrea IV as well as Batch 12 of the Early Retirement Masterclass.

Astrea IV bonds are private equity bonds with cash flow backed from a portfolio of private equity investments. Astrea IV is a wholly-owned subsidiary of Azalea Asset Management that