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Private bankers report sluggish fund sales across Asia

2016 has been a sluggish year thus far for net fund sales via the private banking channel in Asia, with 50% of relationship managers and investment advisors reporting year-to-date decreases in fund inflows, according to a survey conducted by Asian Private Banker. The poor result is likely attributable to an earlier slump in the global equities market, and a looming rates hike…

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