Swiss wealth manager also downgrades Indonesian equities.
UBS Global Wealth Management makes two senior appointments within Asia advisory & sales client services.
The wealth manger expects China tech stocks to prove resilient amid rising geopolitical risks.
A growing proportion of women are owning investable assets, a UBS Global Wealth Management report finds.
Carbon pricing can be a powerful tool to align emission reduction with business activity, UBS GWM said in a research report.
Tech start-up Endowus has attracted cash from the Swiss bank, Samsung and Singtel to fund expansion.
The sector is expected to deliver earnings growth of 25-30% in the next 12-18 months.
Overall billionaire wealth in Asia-Pacific was driven by “innovators and disruptors”, according to a report by UBS and PwC.
UBS Wealth believes that there are opportunities in the beaten-up value stocks in Asia, including Singapore and India.
The bank hired UBS Wealth’s Asia-Pacific head of wealth planning.