“While we are currently neutral on Asian equities, we will shift to a positive weightage should conditions such as greater improvement in global economy and trade and easing of the US dollar materialise,” says Anthony Raza, head of multi-asset strategy at UOBAM, in a Jan 16 statement.
SINGAPORE (Jan 16): UOB Asset Management (UOBAM) says it favours US equities compared to Asian equities, owing to the former’s resilient corporate earnings.
This comes as part of UOBAM’s rating upgrade for equities as a whole to “neutral” this quarter, from “underweight” in the second half of 2019.
