While UBS remains underweight on emerging market (EM) equities in tactical assets – with an eye on a potential US Federal Reserve rate that may be announced Thursday US time – it sees no imminent danger apart from long-term malaise. Despite EMs like China and Brazil reporting slower growth, the Swiss lender’s global CIO Mark Haefele believes that the spike of bond yields…
UBS shuns imminent EM danger from potential rate hike
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