Equities
Fund manager shakes up multi-asset strategy
As it moves range towards a 70/30 split in favour of active over passive
HSBC adds equities service to UAE app
Bank aims to double AuM in wealth operation in the region over next three years
Dash for cash hits highest level since 9/11
Allocations to defensive assets jumped to 43% in May as global economy outlook darkens
Long duration assets can play ‘important role’ in portfolios
To protect returns against the volatility expected in the months ahead
Pictet AM reduces exposure to Chinese equities
Country’s worst covid outbreak causing disruption to the economy