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The new age of fund advisory: Evolve or die

In 2013, assets under management (AUM) from Hong Kong and Singapore’s funds industry reached US$3.5 trillion, a record-high for the dual hubs in Asia and a 45% increase compared to high times of 2007. Private banks in Asia, too, were beneficiaries of the new inflows, most notably in the bond space where the region’s taste for yield and anticipated monetary…

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