UBS Securities (UBSS) has returned to defensive names in the equity market following MSCI’s decision not to include China A-shares in its emerging market index. Defensive in the short-term According to UBSS – the Swiss bank’s Chinese securities joint venture – disappointment surrounding MSCI’s decision, coupled with recent macroeconomic weakness, will shift investor focus to defensive equities – namely those with…
Have a confidential tip? Get in touch [email protected]