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UBS turns neutral towards global equities in 2020

In Year Ahead 2020 – UBS House View, the Swiss bank shifted its tactical asset allocation of global equities from “overweight” at the beginning of 2019 to “neutral”, and has emphasised the need for diversification as volatility increases in the late economic cycle. The Swiss giant has labelled 2020 as a “Year of Choices”, with an array of geopolitical events…

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