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Stay positive on equities over bonds: UBS Wealth Management

Although it has been a rough year for global equities — the MSCI World index is down more than 4% year-to-date — UBS Wealth Management advises investors to stay invested in equities over bonds, due to earnings tailwinds for the former asset class and deteriorating credit fundamentals in the latter. Retain overweight on AxJ versus Asian credit “Nascent signs of…

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