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Asia HNWIs continue to hedge on back of latest Fed decision, says pure play

Clients more concerned with risks flowing from a potential policy shift, than the rate hike itself, says a senior Pictet banker. “Asian investors’ appetite for high yield bonds faded after the sharp sell off on EM credits and the continued slump in China and South East Asia,” Richard Mak, Pictet’s Asia head of advisory services, tells Asian Private Banker. “Thin…

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