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UBS WM says Hong Kong’s HNWIs should be cautious about raising cash allocations

As many as 38% of Hong Kong’s HNWIs plan to hold more cash in light of market uncertainty, according to UBS’ Investor Watch report, though the bank urges clients to avoid high cash allocations since global inflation is trending upwards. “In the current environment, holding [excessive] cash is perhaps not a good idea,” Louisa Fok, equity analyst at UBS Wealth…

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