UBS rich clients worth US$2.1t warming to emerging assets

London

UBS Wealth Management says its clients, worth US$2.1 trillion, are ready to increase their emerging market holdings after last year's rally.

Michael Bolliger, the Zurich-based head of emerging market asset allocation, predicts returns in the mid to high single digits for the asset class this year. Clients are comfortable investing in developing nations after 2016's strong performance for stocks and bonds and as money continues to flow in this year, he said.