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Investors cannot sit on cash, given 'tyranny of low interest rates': UBS

Ms Tan said "negative interest rate is a wealth tax. It's meant to penalise savers, and to reward borrowers"

Mr Tay said the slowdown in the EU economy will hurt Asia and Singapore, and Brexit will delay the recovery of Asian exports


WITH the "tyranny of low interest rates", investors should take a modest risk-on approach, despite prevailing uncertainty and volatility to be expected in the second half of this year on the back of the surprise "Brexit" vote last week, a top strategist from UBS Wealth

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