Recognising reduced interest rate risk going forward and fair-to-attractive valuations across the global credit space, UBP continues to favour carry strategies. Given a flat yield curve, the bank prefers shorter tenors in USD and EUR fixed income, particularly EUR credit which presents cyclically wide credit spreads. And for equities, the bank intends to be “more directional” in its allocations, on…
Have a confidential tip? Get in touch [email protected]