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UBS Global Wealth Management: Stay Invested

The Swiss wealth manager maintains its mantra of «staying invested», advising clients to prepare for dollar weakness (1.9 U.S. dollars per Euro by December 2020) and, for risk-averse investors, to add safe haven assets like gold and longer duration U.S. Treasuries. 

In addition to buying the current dip for long-term themes such as tech transformations and global healthcare needs, the bank’s group CIO Mark Haefele also recommended improving portfolio yields through dividend stocks, U.S. high yields and put writing.

«We expect the market to end the year at much higher levels than today, with China's economy leading the way to recovery and the US and European economies rebounding in third quarter,» Haefele said in an investment note.