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Macquarie bullish on Singapore and banks

The balance of risks to Asian equities is to the downside over the next three months, says Macquarie.

Macquarie is recommending the heaviest overweight in Singapore within an Asian equities portfolio and banks within sectors. In terms of actual allocations, however, it suggests that around 27% of an Asian equities portfolio, its highest recommended weighting, be devoted to China.

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