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Lombard Odier shifts to credit and equities, post-FOMC session

The Swiss lender has made a “modest gross-asset allocation change” from cash to credit and equities for all of its portfolios, following the latest US Federal Open Market Committee (FOMC) meeting where the body acknowledged inflation pressures. Consequently, the Swiss pure play is increasing its weighting on dollar-sensitive and “extremely depressed” emerging market assets. Following the FOMC meeting – the…

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