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March 2023 Research Report


We see upside risks to U.S. inflation amid the tight labour market and robust wage growth which could lead to more aggressive monetary tightening. Given the macro uncertainties, we maintain our defensive stance in asset allocation, preferring Fixed Income over Equities for more resilient carry. Nevertheless, there are still selected investment opportunities in an increasingly uneven growth landscape. Thus, investors should stay nimble and reposition accordingly to capitalise on the opportunities as they arise.   

View the full March 2023 Research Report, please click here.

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