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LGT tweaks European portfolio weightings with eye on December Fed hike

In the run-up to a possible December US Federal Reserve rate hike, worries about market sentiment and momentum has led LGT to adjust allocations in its European and Swiss equity model portfolios in financials, healthcare, energy and industrials weightings. The Liechtenstein-headquartered private bank has reduced weightings in financials, due to market sentiment sensitivities, and in the healthcare sector due to…

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