SINGAPORE (Jan 14): To UBS Global Wealth Management’s chief investment officer, the key to successful investing this year is the same as the mantra for a happy marriage: lower your expectations.
Speaking at a conference in Singapore on Tuesday, Mark Haefele said investors should expect a low-return environment where they will have to work for their dollar harder, potentially moving into equities. The search for yield has compelled large institutions to rebalance portfolios toward stocks and private investments, and that’s one of the reasons why markets have been so strong in January, he added.
