Newsroom

Political capital and Economic growth in Asia less vulnerable if US reflation trade unwinds

Wealth in Asia - Chief Executive Officer in Asia Michael Blake reveals how this family-owned private bank can help you access products that are otherwise reserved for institutional investors.

The impact of a strong dollar on emerging countries’ equity markets has had more than its fair share of comment since the US presidential election, and not without good reason. But looking beyond the financial transmission channel, what about direct business relationships?

Le Temps - On 5th December 1996, Alan Greenspan introduced the notion of “irrational exuberance” for the first time in a famous speech that shook the markets.

Baron's Asia - UBP’s Michael Blake says new fixed income fund offers access previously out of reach of private clients.

February 2017 Market Review and Outlook: Asia stocks extend gains but begin questioning Trump policy details.

Brent crude oil is struggling to move beyond USD57/bl since its rally last November when it rose +USD10.10 per barrel.

Correlation between asset classes is falling towards normal levels. The recent rise in bond yields and monetary policy normalisation are causing much wider variations between asset classes in terms of their behaviour and returns. Now that these differences are reasserting themselves, active management is likely to outperform passive management.

The Swiss equity market shrugged off all the political upheaval in 2016, and will be supported by a positive economic environment in 2017.

From the fall in the oil price to Donald Trump’s victory via the shock of the UK’s decision to leave the European Union, 2016 confounded all predictions.

Since the US election, markets have pondered which of his campaign promises Trump would actually enact as President. Even before his “America First” inauguration address, the mercurial President had already fluctuated his views on foreign and domestic policies, but maintained an overall consistent message on manufacturing and trade.

What pitfalls and opportunities does this present?

L'AGEFI. UBP has tripled its wealth planning headcount in five years. We spoke with Bertrand Binggeli, the department's co-head, whose focus is on after-tax returns.

Le Temps - Die Umsetzung des AIA hatte in erster Linie zwei Konsequenzen: Erstens stiegen die Kosten an und zweitens musste die Praxis so geändert werden, dass dem Datenaustausch und der Verantwortung der Banken bei der Feststellung des Steuerdomizils ihrer Kunden Rechnung getragen wird.

Le Temps - The bank, owned by the de Picciotto family, remains confident about the US economy, but is concerned that a weaker British financial centre will hurt Europe as much as the UK. Interview with the CEO following UBP's results announcement on Tuesday.