SSGA’s Hon Cheung takes global role, tips huge flows from FX reserves
The newly appointed chief investment strategist for official institutions at State Street Global Advisors sees the potential for Asian central banks to put as much as $1.5 trillion into stocks.
Of an estimated $2.5 trillion of surplus sovereign reserves in Asia Pacific, as much as $1.5 trillion could be invested in equities, said the new chief investment strategist for State Street Global Advisors’ official institutions group (OIG).
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