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Heard on the street: “One swallow does not make a summer,” Asian private banks make hay in January, but ‘beware’, warn veterans while equity is the theme for the year ahead

17 January 2013

As the Hang Seng Index pushes 23,400 (a 30% surge since the middle of last year) and the STI hovers near the 3,200 mark, Asian private banks are making hay while the sun shines, according to industry insiders and private bank investment advisors. It’s no surprise in burgeoning markets that accumulators are clearly the product du jour – preferably knocked…

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