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BoS downgrades Asia ex-Japan equities following “dramatic” rebound

Given the year-to-date rally in Asia ex-Japan equities, Bank of Singapore has trimmed its overweight position on the asset class in its latest tactical asset allocation. In a balanced portfolio, the bank has reduced Asia ex-Japan equities exposure to 14.4%, down from 16.8% one month ago. “US-China trade tensions have eased further in February, spurring renewed risk-taking and rewarding our…

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