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Equity exposure surges as HNWIs trim fixed income positions

Asia’s HNWIs have been pouring capital into equities over the past 12 months, while reassessing the once-dominant role of fixed income in their portfolios, according to data from analytics firm Canopy. Investment specialists at private banks agree with the finding and foresee the trend to last. As of April 2021, HNWIs’ allocation to equities and equity funds had climbed from…

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