UBS Asset Management is bullish on US equity and bond markets this year, saying President Donald Trump's pro-business and deregulation policies would lift corporate earnings and support the world's biggest economy.
"With Trump in office, I expect more noise and volatility with a wider range of outcomes," Nicole Goldberger, the firm's head of global portfolio management, said in an interview in Hong Kong late last month. "But it is important not to lose sight of the bigger picture. All of these powerful tailwinds support our bullish stance."
The New York-based fund manager oversees UBS's US Growth and Income Strategy, a US$320 million balanced fund whose top equity holdings in December included Apple, Nvidia, Microsoft, Amazon.