Wealthy investors are moving away from US dollar assets toward alternatives like gold, cryptocurrencies, and commodities, according to UBS executive Amy Lo.
Speaking in Hong Kong, Lo noted that clients are diversifying their traditionally US-centric portfolios amid US-China trade tensions.
Chinese markets, previously avoided by investors, are now gaining attention with Hong Kong’s stock index becoming a top global performer.
A recent tariff reduction agreement has created new opportunities in both US and Chinese markets, with Morgan Stanley’s Christina Au-Yeung confirming improved outlook for US growth stocks and emerging investment themes in China.