Inflation is stubbornly high. Here's what this bank exec suggests you do
CNN
People around the world are looking for ways to hedge against inflation right now, and the rich are no exception. "We see customers sitting a little bit in the sidelines," says Nuno Matos, HSBC CEO of wealth management and personal banking.
Nuno Matos, HSBC's CEO of wealth and personal banking, told CNN Business that global investors were "not being as active as they used to be," with many looking to sell off what they see as riskier bets and "buying more protection for their portfolios."
"We see customers sitting a little bit in the sidelines," Matos said in an interview on Monday, adding that many had turned to bonds as they search for some "stability."
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