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World’s biggest trade deal to boost ASEAN assets: private banks

Skyline of Jakarta, Indonesia

With vaccination rates lagging, COVID-19 lockdowns returning and political risks stirring, Southeast Asia might seem more trouble than it is worth for wealth managers. But that is not stopping some private banking heavyweights from forecasting robust returns from ASEAN markets in 2022. Take Alexandre Tavazzi, Asia CIO at Pictet Wealth Management: he offers the rationale that while these economies were…

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