The trend of converting Asian HNWIs’ oft-adopted ‘buy-and-hold’ bond strategy into fixed maturity products persists, this time through Julius Baer who raised more than US$600 million in the region. The private bank’s US$628 million success was via an AllianceBernstein’s fixed maturity bond portfolio, which is set to mature in 2020. When contacted, a spokesperson for the bank declined to comment. Julius Baer joins…
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