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US-China trade tensions cited as top concern for Asian HNWIs’ portfolios

US-China trade frictions were cited as the greatest concern for Asian HNWIs’ portfolios, according to 37% of respondents in a recent Asian Private Banker survey, a stark contrast from early 2018 when banks shrugged off the issue as inconsequential posturing. In second and third, respondents cited downside protection (26%) and high market valuation (21%), respectively, as the next most pressing…

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