UBS says clients are increasingly focused on hedging downside risks
Jinse Finance reported that UBS Group stated its clients are preparing for a market downturn and warned that sentiment surrounding booming markets could shift rapidly. UBS, in its third-quarter earnings release on Wednesday, noted that with valuations high across most asset classes, "investors remain active but are increasingly focused on hedging downside risks." Looking ahead to the fourth quarter, UBS pointed out, "As confidence in the outlook is tested and seasonal factors come into play, market sentiment could shift quickly." Currently, there is little sign that this is happening.
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