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Overweight equities in 2016, says UBS

Its strategists expect "modest acceleration" ahead in global growth and is also upbeat on the eurozone

Mark Haefele, the bank's global chief investment officer, said: "This world in transition will continue to challenge portfolio performance.


UBS strategists expect a "modest acceleration'' in global growth in 2016, and maintain an overweight stance in equities and credit.

It is also bullish on the eurozone.

Global GDP is likely to rise to 3.4 per cent from 3.1 per cent this year as emerging markets