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DBS turns overweight on Asia ex-Japan equities

Despite Asia ex-Japan (AxJ) equities’ underperformance in 2019, DBS Bank has shifted its view of the asset class from “defensive” this year to “balanced” as an uptick in earnings recovery is likely to be seen in this region. Frank Lee, senior investment strategist told Asian Private Banker that a potential easing in US-China trade tensions, optimism of an upturn in…

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