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Asian HNWIs buy FCN variations as correction fears persist

Private banking clients in Asia are seeking variations on fixed coupon notes (FCN) as the outlook for a sustained rally remains positive, but concerns about downside risk persist. “We continue to observe strong volumes from FCNs this year as clients continue to demonstrate appetite for equity risk,” said Avyakt Agarwal, director and cross asset distribution sales, private banks, global markets,…

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