What kind of recovery will the world see?

Take a poll and help a disadvantaged child

13 Aug 2020

Take a poll and help a disadvantaged child

Polls and charity don’t often mix.

At UBS Asset Management, we’re exploring a different way of gifting to disadvantaged youths and children.

We want you – our investors, partners and readers involved.

For every poll answered, we will be donating $5 to Beyond Social Services in Singapore.

Beyond Social Services helps children and youths from less privileged backgrounds break away from the poverty cycle through educational and development programmes.

This donation joins UBS’s USD30 million COVID-19 Response Fund and also the firm’s efforts to match employee and client donations to the UBS Optimus Foundation.

Thank you.

We sponsored 400 "Back to School" packs

But more than a straight out cash donation, we backed up Beyond Social Services when they told us that they needed sponsors for a Back to School project.

So we sponsored 400 “Back to School” packs for low-income kids in Singapore’s Henderson neighbourhood with SGD 30 bookshop and SGD 20 shoe vouchers to help them start the new school year.

We have kept the polls open and you can see how your choice stacks up.

What kind of recovery will the world see?

The economic recovery post COVID-19 will be

Poll Form

Investment outlook 2H20

The shape of the economic recovery

 

In our investment outlook for the second half of 2020, our experts ponder on the path to recover. They examine the various scenarios and told us that their base case is for a gradual, uneven economic recovery. 

… our base case, given that uncertainty, is for a gradual, uneven economic recovery … Consumer spending recovers, but fails to eclipse pre-COVID-19 levels.

Evan Brown, Head of Multi-Asset Strategy
Ryan Primmer, Head of Investment Solutions

Investment outlook 2H20

Initially a 'V' shaped bounce then a Nike 'swoosh’

Real GDP across scenarios

Real GDP forecasts in different scenarios of a bull market, stagflation, current baseline and 2019 levels

Base case for the recovery

  • Gradual recovery begins as economies reopen, with the strength of the local public policy response to the crisis determining relative outperformers.
  • Conservative Chinese stimulus limits extent of global cyclical upturn in activity.
  • Consumer spending recovers, but fails to eclipse pre-COVID-19 levels.
  • Meager rebounds in capital spending, global trade.

Thank you again for being part of our community engagement efforts.

UBS Asset Management will be making a $5 contribution towards Beyond Social Services.

This donation joins UBS’s USD30 million COVID-19 Response Fund and also the firm’s efforts to match employee and client donations to the UBS Optimus Foundation.

Social engagement is important to us and is part our corporate culture. It also guides the way we invest. For close to 10 years now, we’ve talked to companies about their environment, social and governance (ESG) policies and consider ESG in how we evaluate companies.

UBS Optimus Foundation

The UBS Optimus Foundation is the only foundation linked to a global wealth manager staffed with philanthropy experts.

The foundation leverages our unique network that allows us to take a leading role in driving impactful philanthropy that delivers solutions to social and environmental issues.

Together with our diverse partners, we're improving health, education and child protection systems as well as tackling environmental degradation and climate change – as this is an important path to a sustainable future.

Beyond Social Services

Beyond Social Services is a charity dedicated to helping children and youths from less privileged backgrounds break away from the poverty cycle.

They provide guidance, care and resources that enable families and communities to keep their young people in school and out of trouble.

Their hope and wish is for their beneficiaries to blossom into responsible adults, move past their socio-economic drawbacks and beyond social services by 25.

So far, they’ve reached out to over 10,000 rental units in government rental flats.

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