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UBS GWM increases China equity exposure

Against the backdrop of the phase one US-China trade deal, UBS Global Wealth Management has increased the equity exposure to overweight relative to bonds, on the back of supportive domestic policy, the stabilizing macro environment, and favourable seasonal and technical trends. “Within equities, we stay overweight consumer discretionary stocks (vs. A-shares) and offshore equities (vs. onshore equities),” the bank said….

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