"In taking part of our year-to-date profits, we protect some of the strong gains achieved in January and create room for new opportunities," said Michael Strobaek, Global Chief Investment Officer at the Swiss bank. "While we continue to expect overall attractive total returns from global equities this year, we recognise certain mounting short-term risks," he added in an emailed note on Tuesday.
"In taking part of our year-to-date profits, we protect some of the strong gains achieved in January and create room for new opportunities," said Michael Strobaek, Global Chief Investment Officer at the Swiss bank. "While we continue to expect overall attractive total returns from global equities this year, we recognise certain mounting short-term risks," he added in an emailed note on Tuesday.