Lombard Odier backs active strategies

Oct 4, 2009

The Swiss private bank is steering clear of stocks likely to be referenced in Asia ETFs to avoid the effects of potential withdrawals.

Many market watchers believe Asian stock markets are set for a fourth-quarter consolidation, with a certain amount of foreign money withdrawing. One of them is Lombard Odier, which is avoiding equities it feels are likely to suffer from redemptions from exchange-traded funds (ETFs).

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