The content of our website is not intended for persons resident, or partnerships or corporations organised or incorporated inside the United States (“US Residents”). UBP does not market, solicit or promote its services inside the jurisdiction of the United States at any time.
The content provided on the UBP website is intended to be used for general information purposes only. Therefore, nothing on this website is to be construed as an investment recommendation or an offer to buy or sell any security or investment product, nor as a guarantee of the future performance of any security or investment product.
To browse on UBP.com, please confirm you are not a US Resident.
I am not a US Resident
We respect your personal data.
For more information or to change your preferences, simply click on the “More information” button.
To find out more about how your personal data is used, please refer to our Privacy Notice.
YES, I AGREE
NECESSARY COOKIES ONLY
Some cookies are indispensable for our platform, and they include those needed for managing your sessions and our systems. They cannot be deactivated as this would stop the entire platform from working.
Other cookies collect statistical information, such as the number of users, the frequency and duration of their visits, the number of pages they open, our systems’ response time, and the frequency of use of our online functionalities. That information is used for improving our platform – including system performance, browsing, content on the most popular pages, and related services. Those cookies may use technology provided by external companies, for example website analysis solutions produced by Google Analytics. Those tools collect information such as the number of visitors, the sites they have come from, and the pages they have visited on our platform, which allows us to track how visitors use our platform, compile the reports generated, and improve our systems.
For any further information, please read Google’s confidentiality rules.
This sort of cookie records your browsing and platform use preferences. They will make your online experience more personalised and targeted. For example they can memorise which device you log on from and your choices such as your country, your favourite language, and your search criteria. The information collected can be used to identify you personally, for instance with your user name. The cookies we install are only active when you are on our platform, and become inactive when you leave the site.
There are also cookies linked to social media which allow you to connect straight to your social media accounts and share content from our platform. Third-party advertising cookies collect information to better target advertising to your interests. They work by identifying your browser and your device. If you deactivate those cookies, you may see less relevant advertisements, and be unable to connect to LinkedIn, Facebook or Twitter to share content.
When browsing on this site you can change your cookie preferences at any time in ‘Cookie settings’ at the bottom of this page.
Many people are wondering whose economy and financial markets will perform the best in the next 12 months – Europe’s or the US’s. Let’s explore the current and potential performances of both economies to see who is in the lead.
The recent economic momentum is definitely in favour of the US economy: business and consumer confidence have both reached news highs in the US, while the same indicators have stayed sluggish and even declined in Europe.
The economic outlook continues to look brighter in the US: growth prospects for next year are around 2.5% in the US after 2.8 to 3% in 2018.
The US is likely to use its economic policy further to maintain the positive momentum, and may boost infrastructure spending and apply new fiscal measures.
For Europe, the projections give a limited budget deficit and point to some moderation in public debt.
2023 began with market optimism that the US could successfully navigate its battle with inflation. Recent data have confirmed our suspicions that getting inflation back to the Fed’s 2% target will be more challenging than markets had been assuming.
As a decade of yield repression comes to an end, building a fixed income portfolio with an acceptable yield has become an easier task. Given a deteriorating economic background and hawkish policymakers, we believe in harvesting the attractive yields offered by short-term quality bonds, which currently have the best risk-return profile.
The steep fall in valuations that started at the end of 2021 disproportionately affected the innovative growth segment of the Japanese market. With the stronger yen, companies that are less vulnerable to global cycles could prove to be the ones to consider.
Enter your email address to receive UBP's newsletter directly in your inbox
Your subscription to UBP's newsletter is confirmed, thank you!
An error occurred during your subscription. Please try again.