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Henderson sells Singtel stock as competition grows
Published Fri, Apr 28, 2017 · 09:50 PM
Singapore
RISING competition in Singapore Telecommunications' (Singtel) key markets across Asia has prompted one of the world's biggest independent money managers to sell the stock.
Henderson Global Investors, which oversees about US$130 billion globally, sold its Singtel holdings in Asia-based portfolios last month, said Sat Duhra, who manages Asian dividend-focused investments for Henderson.
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