UBS Securities goes defensive after A-shares MSCI delay, but long-term story remains intact

15 June 2016 | 2 minutes read

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…

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