Growing more bearish, Hong Kong and Singapore HNWIs are turning to US equities for shelter even though the asset class is recording all-time highs, according to LGT Asia’s chief investment strategist. Stefan Hofer told Asian Private Banker at a media briefing yesterday that, historically, the US equity market has exhibited “very defensive” characteristics, with lower beta than its global counterparts. “They’re…
Have a confidential tip? Get in touch [email protected]