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UBS more overweight to risk assets after US-China trade deal

UBS Global Wealth Management has increased its overweight to risk assets, adding a tactical overweight to emerging market equities. This followed the perceived reduction in downside risks going into 2020 after China and the US agreed “phase one” of a trade deal over the weekend. “Phase one” means that US will reduce the tariff rate on US$120 billion of Chinese…

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