This month, we cut our allocation to the technology sector to a neutral, or benchmark allocation. Importantly, this is not an outright negative call on the tech sector. Rather, we now see a more balanced risk vs. reward trade-oﬀ for the sector.
To oﬀset our tech downgrade, we are reducing the magnitude—but still maintaining—our underweight to the utilities sector.
UBS House View
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Date: April 5, 2018
Time: 1:00 PM ET
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Head of Investment Strategy Americas
Chief Investment Ofﬁce
Global Wealth Management