Overweight Eurozone and Japanese equities; neutral U.S. equities
While the Fed has been there to support the global economy, markets will likely need more reassuring words in the months ahead as the U.S. moves toward the first rate hike in nine years. China's exchange rate policy maneuvering may be unpredictable, but it could be quite powerful.
The new UBS House View cuts through the confusion that surrounds what the global central banks are saying and what they actually mean for investors.
What can investors expect?
Despite uncertainties in Europe and slower growth in Asia, the Chief Investment Office Wealth Management Research (CIO WMR) remains confident in overall economic strength and the ability of central banks to head off potential pitfalls.
What should investors do?
While the environment remains supportive for risk assets, relative positioning will matter even more going forward. The CIO WMR recommends investors take a pro-risk stance through the end of 2015, preferring:
- Eurozone equities: Earnings expected to climb by 12—15%
- Japanese equities: Improved outlook puts earnings on track to rise18%
- U.S. small-cap equities: Returns bolstered by a positive outlook on the U.S. economy
- U.S. investment grade corporate bonds: 5- to 10-year maturity horizons preferred
To learn more, connect with your UBS Financial Advisor or find a UBS Financial Advisor.
Join us as Mike Ryan, Chief Investment Strategist for Wealth Management Americas, leads this fully interactive discussion featuring the latest on our market views and investment strategy guidance on the first Thursday of every month at 1:00 p.m., ET / 10:00 a.m., PT.
Next call: Thursday, September 3, 2015
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