UBS Asset Management

What does resilience mean for reserve managers today? In a world 🌐shaped by geopolitical fragmentation, shifting correlations and more complex market dynamics, diversification is no longer just about spreading risk. In this latest 🔴The Red Thread in conversation, Massimiliano Castelli, PhD MSc, Head of Strategy, Sovereign Markets at UBS Asset Management, discusses how reserve managers are rethinking resilience, liquidity and long-term portfolio construction. Watch the full conversation from the UBS Reserve Management Seminar 📽️ https://from.ubs/6048ayIgs Learn more ▶️https://from.ubs/6049ayIgt #ShareUBS #AssetManagement #TheRedThread #AssetAllocation #LongTermInvesting #CentralBanks #RMS2026 #Diversification

Higher yields are reshaping how investors build European fixed income portfolios. 🎤 At Bloomberg’s ETFs in Depth event in London, Marco Bontognali, deputy head of index fixed income portfolio management, UBS Asset Management, joined a panel on what today’s yield environment means for bonds and the ETFs that track them. 💡His view is that higher yields, fiscal uncertainty and higher sovereign issuance have fundamentally changed the investment case for fixed income. With government bond yields once again offering attractive income, carry is set to become a more meaningful driver of long-term returns, restoring fixed income's role in portfolio construction. ETFs give investors a precise, efficient way to invest in this improved income environment as well as flexibility to navigate the changing landscape. 📌Read the full discussion: https://from.ubs/6047ayRCJ #ShareUBS #FixedIncome #ETFs #UBSAssetManagement #FixedIncome

Is inflation really behaving the way markets think it is? Inflation remains one of the most debated risks for policymakers and investors. But today’s inflation dynamics differ sharply from past episodes, and not every historical comparison still holds. In this latest 🔴The Red Thread in conversation, Paul Donovan, Chief Global Economist at UBS Global Wealth Management, challenges some common assumptions on inflation, central banks and the resilience of the global economy. Watch the full conversation from the UBS Reserve Management Seminar 📽️ https://from.ubs/6044aHvKE Learn more : https://from.ubs/6045aHvK1 #ShareUBS #Assetmanagement #TheRedThread #RMS2026 #Inflation #GlobalEconomy #CentralBanks

Is multilateralism in transition, or in decline? As the global economic order evolves, international institutions face growing pressure to adapt to new geopolitical and economic realities. In this latest 🔴The Red Thread in conversation, Marc Uzan, Executive Director of the Reinventing Bretton Woods Committee, discusses the future of multilateralism, China’s evolving role in global governance and why a more multipolar world calls for new forms of international cooperation. Watch the full conversation from the UBS Reserve Management Seminar 📽️ https://lnkd.in/dEjjWQ-C Learn More : https://from.ubs/6044aGcpI #ShareUBS #Assetmanagement #TheRedThread #RMS2026 #GlobalEconomy

📈 Geopolitics is no longer just background noise for investors. It is reshaping inflation, fiscal policy, capital flows and market leadership. In this new LinkedIn newsletter, Shamaila Khan and Evan Brown, CFA explore three shifts markets may still be underpricing: energy security,🔗supply-chain resilience and🌍reserve diversification. Read their latest insights. 📖 Discover more in The Red Thread LinkedIn newsletter. 🚀 #ShareUBS #AssetManagement #Investing #Geopolitics #GlobalEconomy #MarketOutlook

How should central banks navigate an increasingly uncertain 🌎 world? From persistent inflationary pressures to demographic change and geopolitical fragmentation, policymakers face a growing number of structural challenges. In this latest 🔴The Red Thread in conversation, Klaas Knot, Former President of "De Nederlandsche Bank", shares his perspective on the evolving role of central banks and the forces shaping the global economic outlook. Watch the full conversation from the UBS Reserve Management Seminar 📽️ https://from.ubs/6040aDxaa Learn more 🔖 https://from.ubs/6041aDxax #ShareUBS #UBSAssetManagement #TheRedThread #CentralBanks #MonetaryPolicy #GlobalEconomy #RMS2026

The nuanced opportunities in fixed income Matthias Dettwiler shares his latest thinking on where he sees risk-adjusted value in today's markets, from government bonds to credit and securitized assets. 💡Key perspectives: → Front-end positioning (2-5 years) looks attractive across select markets, including Australia, New Zealand, UK and Germany → Asia IG is preferred over US and European credit in the current spread environment → Short-duration high yield offers better compensation than going out the full curve → Liquidity risk remains underappreciated – and underpriced – in credit markets today As rate cycles mature and geopolitical uncertainty persists, active management and disciplined sector selection are increasingly central to fixed income outcomes. 👉Find out more: https://from.ubs/6044aDrFG #ShareUBS #FixedIncome #AssetManagement #InvestmentOutlook #CreditMarkets

📊 With capitalization rate spreads to Treasuries near historic lows, it’s fair to ask: why invest in commercial real estate at all? 🏢Because real estate has different characteristics, it may offer diversification when traditional correlations break down, a potential inflation hedge through rent growth, and the opportunity to create value via active management. As the sector undergoes a structural reset, long-term returns may depend less on headline yields and more on execution, value-add strategies and operational excellence. #AssetManagement #RealEstate #ForProfessionalInvestorsOnly #marketingCommunication #CapitalAtRisk

What can past crises teach today’s central bankers? In an uncertain global environment, monetary policy is not only about responding to shocks, it is also about anticipating where risks may build next. In this latest 🔴 The Red Thread in conversation, Jacob A. Frenkel reflects on the lessons of past monetary crises, the importance of financial stability and what policymakers can learn from previous turning points in the global economy. Watch the full conversation from the UBS Reserve Management Seminar📽️ https://from.ubs/6044a8iR8 Read more : https://from.ubs/6045a8iRD #ShareUBS #AssetManagement #TheRedThread #CentralBanks #MonetaryPolicy #FinancialStability #RMS2026

Farmland: resilience built across cycles 🌱 In an environment defined by volatility, inflation pressures, and shifting market dynamics, farmland continues to demonstrate its strength as a real asset. As outlined in our latest perspective, leased US farmland has consistently delivered stable cash flows, capital preservation, and low volatility, even through disruptions such as the global financial crisis and recent inflationary shocks. While resilience is well established, a disciplined approach remains essential, particularly when considering climate risk, water availability, and export exposure. As investors reassess portfolio allocations, farmland offers a valuable lens on balancing risk, return, and long-term resilience. Worth a read if you want to know more💡https://from.ubs/6041aB1ET *This article was first published in the PREA Quarterly Summer 2026 and is shared with permission. The published version is available at: https://from.ubs/6042aB1Ep #ShareUBS #AssetManagement #Food #Agriculture #RealAssets #Farmland