Possible central bank mistake a worry, says UBP

Singapore

THE biggest risk that remains underpriced in markets today is the probability of a central bank mistake, rather than political risk, says Nicolas Faller, co-chief executive of asset management at Union Bancaire Privee (UBP).

Still, the firm is overweight equities, rightly anticipating that some risks, such as the prospect of a strong vote for far-right candidate Marine Le Pen in France would not materialise.