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UBS GWM prefers US and Japan equities, says market fears are “overstated”

UBS Global Wealth Management remains positive on US and Japan equities, believing current market fears regarding recession risks are overblown. In its latest monthly house view and asset allocation investment report, the Swiss bank said investors have been taking profits over the past three years, with cash holdings currently at their highest level in almost a decade. “Overall, until we…

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