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Implications from the reduction in Equity Weights

ZURICH | The Corner | UBS team reduced on Thursday their Overweight in Global Equities. In the near- term, they see some deterioration in the risk/return trade off, following a large re-rating in equity markets. However, the context is that they are coming from their largest ever Overweight in Equities and that it still remains their favoured asset class (with European Equities as an Overweight).