Report Type
Portfolio Positioning
Following a year of exceptional returns in 2025, including a 24.7% gain in European equities and a 63% surge in gold, institutional research remains constructive for 2026 with a projected 15% gain for global equities. Current portfolio positioning emphasizes an overweight stance on risk assets, supported by stabilizing macro growth in the US, Europe, and China. Analysts recommend an equity allocation range of 30–70%, focusing on US markets, structural growth themes, and tactical picks in sectors like med-tech and utilities. There is a specific conviction toward Emerging Market equities and industrial metals, such as copper, driven by cyclical reacceleration and fiscal stimulus. To manage risk, research suggests a shift toward alternative diversifiers like managed futures and precious metals, as government bonds are viewed as having limited hedging value at current yields. Strategic rebalancing and the use of structured wealth preservation tools are highlighted as essential for maintaining portfolio resilience while capturing ongoing earnings momentum.
3 reports available
Strengthen the Core: A Three-Step Plan for EMEA Investors
UBS advises EMEA investors to pivot away from excess cash and strengthen core portfolios through a mix of global equities, bonds, and alternatives to capture an expected 15% rise in stocks in 2026.
Equities Tactical Top Picks
This report outlines UBS's tactical equity top picks across global regions as of January 2026, featuring 11 active 'Buy' recommendations and year-to-date performance tracking.
Strong Momentum in Risk Assets to Continue
TS Lombard enters 2026 with a pro-risk allocation, heavily favoring emerging market equities and industrial metals while using managed futures to diversify away from government bonds. They remain bullish on global growth, specifically in the US and China, expecting momentum in risk assets to persist.