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UBP says “don’t fear the taper”, advises investors to be positive on EM bonds and equities

UBP advises investors to not fear “the taper” and recommends including emerging market (EM) bonds and equities in portfolios, citing structural bond market conditions and a resilient economy as reasons to remain optimistic. “It is remarkable how little impact the recent rise in US bond yields has had on EMs,” says Mark McFarland, chief economist for Asia at Union Bancaire…

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