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Fund sales hurt by headquarters’ lack of Asia-centric strategy, say fund selectors

Despite the growth private banks continue to enjoy in Asia – the top ten private banks in the region grew their assets under management (AUM) by an average of 12.6% in 2013 – multiple fund selectors have expressed frustration over their banks’ lack of an Asia-centric strategy and their unwillingness to on-board funds better suited to the region’s appetite. “Last…

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