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More opportunities to arise from EM than DM: Noah WM

Noah Wealth Management believes there will be more investment opportunities arising from emerging markets compared to developed markets, despite the fact that developed markets have been leading the pack in 2019. William Ma, CIO of the wealth manager, said that the firm’s relative overweight position on EM comes from an economic growth (2020E GDP EM +4.8% vs DM +1.7%), company…

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