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Global CIO Office expects the underperformance of Asia to continue in 2020

Asia ex-Japan equities were underperforming global equities in 2019, and Global CIO Office expects this trend to continue into 2020. Gary Dugan, founder of Global CIO Office told Asian Private Banker that in the firm’s last portfolio rebalancing, the firm reduced the Asia ex-Japan equity exposure. That exposure was largely based on fears about the trade wars and a lack…

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