HSBC Private Banking is recommending that investors in 2H21 increase their allocations to cyclicals — financial services, resources and consumer discretionary sectors in particular — because such sectors perform well against the background of a potential reflation. Fan Cheuk Wan, CIO for Asia, private banking and wealth management, HSBC, shared in the 2H21 CIO outlook that as major economies are…
Increase allocation to cyclicals in the face of transitory sharp inflation risks: HSBC PB

Fan Cheuk Wan and Patrick Ho, HSBC PB
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