UBS briefs clients against G3 bonds
Inflation in developed markets is inevitable and wealthy investors should prepare to get out of sovereign bonds, says UBS’s head of investment, Mark Haefele.
The likelihood of inflation hitting developed markets means wealthy investors should reduce positions in G3 sovereign bonds, says Mark Haefele, managing director and head of investment at UBS.
Based in Zurich, he spoke with AsianInvestor during a one-day trip to Hong Kong earlier this week. Haefele’s role is to develop house views for UBS Wealth Management, drawing on discussions with clients and with teams from the group's asset-management, trading and investment-banking arms.
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