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HSBC PB overweight on US and UK stocks, neutral on global equities

HSBC Private Banking expects a ‘lower for longer’ rate environment and ‘slower for longer’ global growth in the new decade. Its tactical asset allocation (TAA) is overweight on US and UK stocks and neutral on overall global equities. In response to the recent UK election, the bank shifted from neutral to mildly overweight on UK stock because of its attractive…

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