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Asian HNW investors hold on tight to cash despite sentiment boost

Despite the year-to-date rally and banks’ suggestions to opt for diversification over liquidity, cash levels amongst Asian HNWIs continue to rise, according to survey data. UBS Global Wealth Management’s latest quarterly Investor Sentiment Survey highlights that Asian HNWIs are holding more than one-third (36%) of their investments in cash — four percentage points higher than the global average but on…

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