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Investors will take a more favourable view of equities in 2013 in the context of the gradual economic growth that is expected, according to Willem Sels, UK head of investment strategy at HSBC Private Bank. In the bank's latest quarterly investment report, Sels predicts that central banks will continue monitor tail risks, inject liquidity and search for yield. There will be a migration towards riskier assets, with resulting asset price reflation, he adds. Aside from equities, the main overweights

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