Cross-asset preferences
Most preferred Least preferred US ® Canada © Western winners from EM ° Australia growth High quality dividend yields Event-driven and relative value hedge funds © Natural gas growth gainers e US high yield ® Developed market e Global investment grade credit government bonds Fineclincome e EM corporate bonds . e Event-driven and relative value hedge funds © GBP © JPY
e Emerging markets (4)
Commodities
A Recent upgrades y Recent downgrades
at UBS
Portfolio weights
Commodities oe 5% Liquidity Real Estate 10% High Grade Be 4 Bonds \ 7%
Hedge Funds / Private Equity
10% Inv Grade
\ MO Corporates ie \ Bonds Equities USA \ 9% 10% SS High Yield : Bonds
6% Emerging Markets Bonds 3%
Equities Equities Other Europe a 6% 23% EmMa Equities ° ”
6%
Note: Portfolio weights are for an advisory client with a "EUR moderate” profile. For portfolio weights related to other risk profiles please contact your client advisor.
Please see important disclaimer and disclosures at the end of the document.
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