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UBS GWM takes advantage of China policy easing via credit

UBS Global Wealth Management has upgraded its overweight view on onshore China high yield (HY) relative to commercial papers and believes credit is an effective investment vehicle through which investors can benefit from China’s accommodative policies. “The improvement in credit sentiment is broadening from investment grade (IG) to HY as indicated by the recent rebound in HY issuance, and we see…

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