Posted March 26, 2023 by Comments

At the recent UBS Wealth Management Summit in Davos, Paul Raphael, global head of emerging markets for UBS Wealth Management told Bloomberg that emerging market investors are moving away from ‘home bias’ and people are increasingly looking at global investment rather than favoring a market investors know. After all and in the past, returns have been good in places like Brazil, Russia and Turkey – meaning no need for investors in such countries to seek returns abroad in markets they are unfamiliar with.

Raphael also said:

“Given the volatility of the last six months, most clients have been quite shocked, given the decline in the markets. At the moment there is a relative sideline mindset, clients are very concerned about risk and are relatively shy about taking on large positions.”

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