UBS Wealth’s Pu Yonghao Favors Emerging-Market Equities

June 17, 2010, 12:40 pm | Admin

From Bloomberg:

UBS Wealth’s Pu Yonghao Favors Emerging-Market Equities

2010-06-17 02:48:25.349 GMT

 

By Shiyin Chen and Maryam Nemazee

June 17 (Bloomberg) — UBS AG’s wealth management unit said it favors stocks in emerging markets including China, India and Indonesia.

“Relatively speaking, we still like equities, particularly emerging-market equities,” Pu Yonghao, chief Asian investment strategist at UBS Wealth Management, said in a Bloomberg Television interview. “In Asia, China, Hong Kong, India and Indonesia all look interesting over the longer term.”

Markets may be affected in the “short term” by Europe’s debt crisis, China’s credit controls and Indonesia’s capital control capital measures, Pu said. These measures will “help over the longer term,” he also said.

To contact the reporter on this story:

Shiyin Chen in Singapore at +65-6212-1170 or

schen37@bloomberg.net

To contact the editor responsible for this story:

Linus Chua at +65-6212-1530 or

lchua@bloomberg.net

Last modified on February 1, 2017, 12:41 pm | 1826