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HSBC GPB sees opportunities beyond “the usual suspects” in 4Q23

The usual suspects

Facing plateauing rates and a broadly supportive growth inflation mix, HSBC Global Private Banking (GPB) plans to expand its portfolio strategy beyond what it calls “the usual suspects” of US mega caps and large economies in 4Q23. The bank will still remain overweight on the US, particularly high-quality medium-duration credit and US Treasuries, due to what it sees as peak…

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