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Asia’s 'new rich' slow to pick up on mutual funds

Old investor habits die hard, according to Beonca Yip, regional head of advisory distribution, Asia ex-Japan at Investec Asset Management, who tells APB Mandate that the ostensible lure of mutual funds in the midst of Asia market volatility and China’s slowdown has not yet translated into substantial inflows in the region. Compared with their European counterparts who have put an average…

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