UBS House View

Investor's Guide May – Seeking direction

Our UBS House View Investor's Guide is a monthly snapshot of the CIO’s global views. This publication also offers you in-depth regional insights and targeted investment ideas to help you best implement CIO’s views in your investment strategy.

The current edition "Seeking direction" covers the following topics:

  • Year to date, global equities have experienced 17 days with a greater than 1% move up or down, versus just three in 2017. Yet stocks are roughly flat year to date.
  • Choppy trading conditions reflect geopolitical tensions, including conflict in the Middle East, and the threat of a global trade war, as well as the risk of accelerated monetary tightening.
  • Over our six-month investment horizon we expect stocks to advance and outperform high grade bonds, thanks to sound economic fundamentals. But higher uncertainty means we also hold diversified counter-cyclical positions.
  • We take profit on our overweight GBPCHF position, and close our emerging market currency basket trade, while keeping some of these investments in the portfolio.

Do you want to know more? Please complete the below form to download your personal copy for free.

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