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Credit Suisse PB trims risk exposure amid growth uncertainties

Credit Suisse Private Banking has cut risk exposure in its overall investment strategies, owing to growing uncertainties exacerbated by ongoing trade tensions. According to its market outlook for 2H19, the bank has downgraded emerging market equities, which are most vulnerable to trade risks, from overweight to neutral and continues to prefer defensive US equities. “Basically, we’re describing ourselves as reasonably…

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