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UBS’s Eurozone equity overweight position unhampered by a possible Grexit

Despite a Greek electorate acting against a previously near-consensus prediction of a “yes” vote, UBS retains its overweight position in Eurozone equities. The Swiss major believes the Eurozone equity rating is still very much warranted over its tactical six-month horizon on the back of an expected mitigation of contagion by the European Central Bank (ECB). “As the ECB continues to…

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