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Bank of Singapore ups EM HY exposure, trims AxJ equities

Bank of Singapore Asian Private Banker

Bank of Singapore has upped exposure to emerging market (EM) high yield (HY) fixed income while further downgrading Asia ex-Japan equities in its latest tactical asset allocation strategy, the bank told Asian Private Banker by way of an exclusive investment note. Over the past month, the bank has increased EM HY exposure in its balanced portfolio by one percentage point to 7%…

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