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Global equity and Asia HY gain, as clients add risk: HSBC PB’s Virginia Devereux Wong

After the de-risking period in late February and March, Asia’s high net worth individuals started adding long positions in April within their mutual fund portfolios, according to Virginia Devereux Wong, regional head of funds & ETFs, Asia, HSBC Private Banking. “April saw the best month in three decades for the S&P 500 and this, in turn, provided strong impetus for…

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