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Bank of Singapore raises over US$1B for FMPs

Bank of Singapore has raised more than US$1 billion YTD from clients for three fixed maturity bond funds, in what is a clear sign that demand for leveraged buy-and-hold yield plays and stability remains robust amid the prospect of further rate cuts and tempered risk appetite. That’s despite equities performing positively this year after a disastrous 4Q18 and banks’ widespread calls…

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