Singapore
THE biggest risk that remains underpriced in markets today is the probability of a central bank mistake, rather than political risk, says Nicolas Faller, co-chief executive of asset management at Union Bancaire Privee (UBP).
Still, the firm is overweight equities, rightly anticipating that some risks, such as the prospect of a strong vote for far-right candidate Marine Le Pen in France would not materialise.
In the first round of the French presidential elections, Emmanuel Macron beat Ms Le Pen 24 per cent to 21.3 per cent. "The outcome from the first round of the French presidential elections, combined with polls for the second round, suggests a wide lead for market-friendly Macron. If...
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