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Diversification benefit of tech stocks is “limited”

While investors in Asia are keen on equities associated with so-called “mega trends” – such as robotics stocks, given the search for high long-term returns and low volatility – the diversification benefit offered by these stocks may be limited, says Charles Schwab. Country equities behaving like sector equities Jeffrey Kleintop, chief global investment strategist at Charles Schwab, cited a high…

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