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“The trigger for the interest has been the attractiveness of equities compared to property, bonds or bank deposits. People realize it is increasingly difficult to make decent returns from property. Also bond yields have become quite low.”
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“That kind of foreign selling in the past was a disaster. But now, that selling has been bought by local investors.”
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“If yield continues to rise and stays at a higher level, bonds may become relatively attractive for some investors, which will hurt liquidity.”
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