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Demand for preferred securities up among HNWIs

With income more than offsetting capital risks, Asian high net worth individuals (HNWIs) are increasingly investing in preferred securities to supplement core equities purchases, says Principal Global Investors. While the equities market, in particular China, got off to a “horrendous” start at the beginning of 2016, US dollar-denominated fixed income assets saw the exact opposite, it noted. Preferred securities should…

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