UBS names gold the most favored geopolitical hedge and portfolio diversification tool

Odaily News UBS Wealth Management released a report this week titled Investment Lessons for the Second Half of the Year, highlighting several key lessons that investors should learn over the next six months. The report emphasizes the importance of diversification across assets, regions, and industries, especially given the political uncertainty highlighted by the U.S. election debates. Therefore, as investors enter the second half of the year, we advocate preparing for lower interest rates and a changing political landscape by building a balanced and diversified portfolio across fixed income, equities, and alternative investments. UBS added: We also view gold as an attractive geopolitical hedge and portfolio diversification tool, and rank it as the most favored precious metal. UBS also pointed out that the market performed strongly in the first half of 2024, We continue to see a supportive backdrop for global equities and expect discount factors to decline as inflation normalizes and central banks begin a policy easing cycle. (Bitcoin.com)