Indosuez WM cuts US equity bets as ASEAN supply chain gains momentum

Indosuez Wealth Management sees a favourable window of opportunity for clients to add ASEAN exposure amid supply chain migration. The bank’s clients have ridden the strong momentum in the US equity market, which currently accounts for the majority of their equity portfolios, according to Francis Tan, chief strategist for Asia at Indosuez Wealth Management. In his view, while US stocks…

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