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Galloping into the Year of the Taper

With behavioural risks higher and equity returns likely to be lower, investors must address the volatility side of the equation

IN CHINA, investors have just celebrated the start of the Year of the Horse. But, as they look at the wider financial world, they are also likely to see the next 12 months as the Year of the Taper - a period of intense debate around the international consequences of tapering the Fed's ultra-...