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Asia’s private banks up cash allocations despite low volatility

Despite the fact that volatility remains low, private banks in Asia have increased their allocations towards cash for their balanced risk portfolios, according to APB Mandate data, which indicates risk aversion amongst the region’s private banking clients. Deutsche Bank Wealth Management upped the cash allocation of its US dollar profile portfolio to 10.5% in July from 6.5% in June, the…

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