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LGT PB increases liquidity due to ongoing uncertainties

Against the backdrop of the ongoing uncertainties surrounding COVID-19, LGT Private Banking has decided to increase the flexibility of its portfolio by increasing liquidity. “After last month’s reduction, equities remain at a neutral weighting, although we would prefer to take oversold stress situations as buying opportunities,” the bank said, adding that within the equities allocation, Europe remains tactically overweight against…

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