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Bank of Singapore upgrades Asia and US equities

Bank of Singapore has upgraded Asia ex-Japan and US equities in its tactical asset allocation from neutral to overweight owing to positive geopolitical developments and constructive economic data. According to an exclusive investment memo, Bank of Singapore currently allocates 13.7% and 18.3% to Asia ex-Japan and US equities, respectively — up from last month’s 12% and 16%. “The much-awaited Trump-Xi…

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