Finance

Time to turn bullish on global stocks despite coronavirus risks: UBS

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It may be time to add global exposure to your portfolio.

UBS Global Wealth Management’s Alejo Czerwonko sees upside going abroad despite a surge in coronavirus cases.

“We expect them to be fairly well-handled by health systems worldwide,” the firm’s emerging markets strategist told CNBC’s “Trading Nation” on Tuesday. 

Czerwonko is building his bull case on the ultimate success of vaccine and therapy developments.

“This has continued to support risk assets,” he said.

He upgraded global stocks to “most preferred” or overweight from neutral about a week ago, citing unprecedented government policies designed to cushion the pandemic’s impact.

“We’ve seen central banks and governments across the…



Source cnbc.com

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