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Standard Chartered PB upgrades US, downgrades AxJ equities

Standard Chartered Private Bank has upgraded US equities and downgraded Asia ex-Japan stocks in its tactical asset allocation in a bid to avoid short-term volatility, according to the bank’s latest monthly investment report. In line with its moderate global focused asset allocation strategy, the bank has allocated 21% to US equities — up from 18% three months earlier — and…

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