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UBP replaces one-third of cash equities with structured products

Over the last year, UBP has replaced one-third of cash equity holdings in its DPM portfolios with structured products owing to a re-emergence of downside risk, Asian Private Banker has learnt. According to Christine Ravioli, head of discretionary portfolio management, Hong Kong at UBP, the bank first began swapping out cash equities for structured products in the third quarter of…

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