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StashAway slashes China allocation on fears of secondary sanctions
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Published Tue, Mar 15, 2022 · 09:50 PM
Singapore
SOME users of roboadviser StashAway opened their app on Monday (Mar 14) to find that their holdings in a key China technology fund were about to be completely sold off, marking a stark reversal in the company's stance towards China.
Even as a crackdown crushed tech valuations, StashAway had advised its clients to stay invested in the long term amid China's rapidly growing economy and path to technological revolution.
