HALISTER1: UBS WM Raises Global, U.S. Stocks to Overweight, Lowers U.S. HY

UBS WM Raises Global, U.S. Stocks to Overweight, Lowers U.S. HY

(Bloomberg) -- UBS WM has upgraded global and U.S stocks equities to overweight from neutral, Global CIO Mark Haefele says in monthly letter.
  • Turn neutral on U.S. HY bonds vs overweight position held since Feb., given the rapid outperformance
  • Maintains overweight in European HY and European equities
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Mark Haefele (UBS Asset Management Japan Ltd)

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