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Pictet WM’s Asia CIO cautions over slowing tech sector momentum

The technology sector, one of the largest thematic investment plays today, is likely to see fewer winners going forward as the industry further consolidates and demand momentum weakens, Pictet Wealth Management has told APB Mandate. A noticeable number of private banks remain overweight the sector, largely on account of a favourable earnings growth outlook, and despite valuation concerns. Tech-focused growth and…

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