ASIA is the "silver lining'' among global emerging markets, said Tan Min Lan, UBS Wealth Management head of the Asia-Pacific investment office.
This is because macroeconomic fundamentals in the region have improved, and corporate earnings are benefiting from lower energy and commodity prices.
Even so, the bank has a "slight underweight'' call on the emerging markets which includes Asia, preferring the Eurozone equities instead. UBS hosted a client luncheon yesterday to present its investment outlook for the second half of the year.
Speaking to journalists, Mark Haefele, UBS Wealth Management global chief investment officer, said central bank stimulus is likely to continue to drive markets and risk...
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