UBS customers leave the dollar and pay attention to cryptocurrencies

According to UBS Group, wealthy investors began to accelerate funds from dollar assets. This was reported by Amy Lo, co-manager of the welfare department in Asia. She noted that against the background of the growing geopolitical tension and trade friction between the USA and China, large private customers of UBS are reviewing the capital placement strategy.

According to LO, gold is considered one of the most popular areas among investors. In addition to him, interest in cryptocurrencies and Chinese instruments has grown significantly. The expert noted that earlier UBS customer assets were “excessively oriented towards the United States”, but the situation is changing, and investors begin to diversify investments.

The growth of tension in trade relations between the two largest economies in the world has become the main trigger to revise the strategies for placing assets. Investors are looking for an alternative to the dollar, relying on new financial instruments. In addition to gold and digital currencies, Chinese promotions and bonds, especially the paper of the technological segment, have gained the most popular.

Lo emphasized that the situation will remain volatile. Uncertainty in international politics and economics requires wealthy customers of flexibility in investment decisions. UBS notes an increase in demand for alternative assets, including raw materials and structured products.

Digital currencies continue to strengthen positions in the portfolios of Asian investors. Given the growth of the popularity of Bitcoin-ETF and the stable demand for digital assets in inflationary risks, UBS analysts expect a further increase in the share of cryptocurrency investments among customers with capital from $ 10 million.