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UBP’s private banking CIO: Investors underpricing rate normalisation risks

Norman Villamin, CIO for private banking at UBP, tells APB Mandate that markets are underestimating global growth and inflation prospects, along with the likelihood that central banks will normalise interest rates. “Going forward, with the normalisation process that the central banks are undergoing, you need to focus your risk management efforts on interest rates, which are likely to be headwinds…

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