Dramatic Rise in Geopolitical Risk in Focus at HK Wealth Forum
- Investors should avoid trying to predict politics, Laud says
- India, Mexico election results triggered market slumps
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In the wake of India’s surprise election result, political risks were a big theme at the Bloomberg Wealth summit held in Hong Kong on Wednesday.
Participants from UBS Group AG to Hang Lung Group Ltd. highlighted how geopolitics are on the minds of the richest investors, as they try to navigate wars in Europe and the Middle East, escalating tensions between superpowers, and a year of key elections around the world from Mexico to South Africa and the US.