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StashAway slashes China allocation on fears of secondary sanctions
"Even a week ago, our long-term view remained intact. We thought the tech regulatory headwinds were about to be softened, most of it has been priced in and valuations are so attractive," StashAway CIO Freddy Lim told BT, while highlighting the expectations of monetary stimulus by China's central bank.
"But that was overshadowed by potential sanctions risks. This is a different ballgame now — you cannot analyse this from a traditional or fundamental investors' angle anymore."
