Make tactical gains from eurozone assets but don't over-rely on cheap money: UBS

Singapore

UBS sees tactical opportunity in investing in eurozone assets in this period of easy monetary policy, and has shifted some funds from its US portfolio, the latest letter from its chief investment office showed. But the bank also flagged that over-reliance on cheap money could prompt problems down the road.

"Many of its problems remain, including the slow pace of structural reform in the likes of France and Italy along with the often acrimonious debt talks with Greece," said Mark Haefele, global chief investment officer, wealth management, at UBS.