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30% of WMs in Hong Kong saw equity fund flows decrease YoY

Almost one-third of private banks and wealth managers in Hong Kong have witnessed a year-on-year decrease in equity fund inflows of up to 40%, according to a recent Asian Private Banker survey, indicating weakened sentiment for long-only exposure in the asset class. According to the poll, 26% of respondents saw year-on-year equity fund inflows decrease by 1-20% and 4% saw…

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