UBS is upbeat on eurozone

Singapore

THE eurozone is the most promising place to park money right now despite the recent turmoil there but steer clear of Greece, a top discretionary portfolio manager at UBS said on Tuesday, adding that Singapore equities are also starting to look relatively attractive after having retreated more than 5 per cent since the start of this year.

Patrick Grossholz, managing director and head of Asia-Pacific investment management at UBS, said in an interview at the bank's One Raffles Quay office that investors in the region tend to be underexposed to Europe and overexposed t…