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Pictet WM’s David Gaud: Overweight EM, underweight DM for 2H

David Gaud, Pictet WM

Pictet Wealth Management has turned positive on emerging market equities and has taken a negative view on developed market stocks in its 2H19 asset allocation strategy. “The context now is quite favourable for emerging markets due to low global interest rates, lower commodity prices, and high real interest rates in Asia,” Pictet WM’s Asia CIO, David Gaud, said in a…

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