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UBS Research Reports & Analysis
Finvaulta tracks 1036 research reports on UBS, updated through September 4, 2026. Latest: “European Contextual Diary”.
UBS's institutional research reflects a constructive global macroeconomic backdrop characterized by resilient near-trend US GDP growth of ~2% through 2026–2027, supported by AI capex and fiscal stimulus, with Federal Reserve policy easing projected to begin in mid-2027 toward 3.13%. Across equity markets, the bank maintains an optimistic trajectory, targeting 8,400 for the S&P 500 by mid-2027 and raising Stoxx 600 targets to 690 in 2026 and 760 in 2027 on accelerating European corporate earnings and positive revision momentum. Regionally, the research highlights Southern European resilience over core markets like Germany and France, while upgrading European Information Technology and advocating thematic exposure to Swiss mid-caps. Structurally, UBS identifies 'AI in motion' as a multi-year growth engine, estimating a $402 billion total addressable market expanding at an 11% CAGR across automation and robotics. In fixed income and alternatives, UBS emphasizes defensive carry across 2–10 year A/BBB credits and select emerging market FX, alongside a bullish gold target of $5,400/oz by late 2027 and active multi-manager commodity strategies to mitigate passive contango roll bleed.
Featured reports
Copper: Wired for Growth
UBS CIO maintains a constructive outlook on copper, projecting the global refined deficit to widen from 219kt in 2026 to 379kt in 2027. Accelerating demand from electrification and AI data centers coupled with supply headwinds supports elevated prices and upside for miners such as Anglo-Teck, Freeport-McMoRan, BHP, and Glencore.
Commodity Hedge Funds in a Supply Constrained World
UBS examines how structural supply constraints and rising demand from AI, energy security, and electrification are reshaping commodity markets. It argues that specialist commodity hedge funds offer superior risk-adjusted returns and diversification compared to passive index beta by managing roll yields, relative value, and curve dynamics.
EMEA Macro Outlook and Investment Ideas
UBS presents its EMEA macroeconomic and investment strategy, highlighting an upgrade in Eurozone 2026 earnings growth to 15% and an Attractive rating on European equities. Across asset classes, the firm recommends European IT, quality medium-duration credit, carry currencies, and higher-rated GCC debt.
US Macro: FAQs to Forecasts
UBS projects US GDP growth to remain near trend at approximately 2% in the second half of 2026, driven by AI capital expenditures and wealth effects. With disinflation progressing gradually and fiscal deficits remaining high, the Federal Reserve is expected to keep rates on hold until mid-2027.
Global Forecasts
UBS CIO's weekly Global Forecasts publication provides comprehensive multi-asset projections across GDP growth, inflation, policy rates, sovereign yields, credit spreads, FX, commodities, equities, and real estate yields through 2027.
How Can I Invest in Transformational Innovation
UBS CIO recommends diversified exposure across three core transformational innovation themes: Artificial Intelligence, Power and Resources, and Longevity. Broadening exposure beyond crowded semiconductor beneficiaries enables investors to capture secular growth while mitigating single-stock concentration risks.
European Equity Strategy
UBS has raised its Stoxx 600 price targets, citing resilient earnings growth and a broadening of positive revisions beyond AI enablers to include defensives and banks. The report highlights a shift in sentiment toward 'less caution' as laggard sectors begin to stabilize.
Global Economics And Strategy Core Convictions
UBS remains constructive on USD and emerging market equities for H2 2026 while maintaining a selective approach to carry trades and rates across G10 and EM.
Strong Labor Data and Supply Bottlenecks Push Fed Closer to Hikes
Greater China Alpha Opportunities
European Information Technology: Equity Preferences
All reports
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Strong Labor Data and Supply Bottlenecks Push Fed Closer to Hikes
UBS · Sep 4, 2026
Greater China Alpha Opportunities
UBS · Sep 4, 2026
European Information Technology: Equity Preferences
UBS · Sep 4, 2026
European Healthcare Equity Preferences
UBS · Sep 4, 2026
European Communication Services: Equity Preferences
UBS · Sep 4, 2026
European Automobiles: Equity Preferences
UBS · Sep 4, 2026
Weekly Power Brief: What Utilities Are Telling Us About Datacenter Power Demand
UBS · Sep 4, 2026
Chartset Swiss Listed Real Estate
UBS · Sep 4, 2026
Our Longer-Term Investment Themes in Focus
UBS · Sep 4, 2026
Power and Resources for Swiss Investors: Top Three Questions
UBS · Sep 4, 2026
How to Diversify with Alternatives?
UBS · Sep 4, 2026
Financial Capital Navigator
UBS · Sep 4, 2026
What a More Hawkish Fed Means for Investors
UBS · Sep 4, 2026
What a More Hawkish Fed Means for Investors
UBS · Sep 4, 2026
Can the AI-Led Trade Boom Last?
UBS · Sep 4, 2026
Are Workers Hitting Rock Bottom?
UBS · Sep 4, 2026
Japan Economy: GPIF's Potential Shift in Its Allocation
UBS · Sep 4, 2026
Talking Calmly
UBS · Sep 4, 2026
European Contextual Diary
UBS · Sep 4, 2026
What a More Hawkish Fed Means for Investors
UBS · Sep 3, 2026
Longevity Weekly Pulse: Strong 1H26 Results from WuXi Biologics and Innovent
UBS · Sep 2, 2026
Gold Outlook
UBS · Sep 2, 2026
Oncology Update
UBS · Sep 2, 2026
What Can Commodities Bring Swiss Investors?
UBS · Sep 2, 2026
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