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Soaring greenback benefiting European funds

Amidst an outflow of asset from equity funds due to a China-induced turmoil, US equities may provide a safe haven due to the strengthening dollar, research shows. Market watchers may find US equity funds facing macro headwinds such as a potential “risk-off” stance by the investors, sparked by the run-up to the US presidential election, rich valuations, and more importantly the FX…

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