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UBP takes profit from alternative fixed income

Owing to heightened valuations, UBP has taken profit from alternative fixed income year-to-date, according to the bank’s Hong Kong head of DPM. The bank entered 2018 with “very low” credit exposure given tight overall bond spreads and low interest rates, Christine Ravioli, head of discretionary portfolio management, Hong Kong at UBP, told Asian Private Banker, adding that, as a result, the…

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