Lombard Odier backs active strategies

Many market watchers believe Asian stock markets are set for a fourth-quarter consolidation, with a certain amount of foreign money withdrawing. One of them is Lombard Odier, which is avoiding equities it feels are likely to suffer from redemptions from exchange-traded funds (ETFs). The Swiss private bank takes the view that from now to the end of the year, money will be pulled out of Asian ETFs by foreign investors, so it took a more cautious investment stance in August.  "We chang…