In order to avoid financial loss for the clients as well as the business, UBS is now classifying what were once medium-risk investors into high-risk investors. It also doubles as a warning which possibly indicates anticipation of a looming catastrophe.
It really looks like the investment industry is trying to get investors to participate in this “great rotation” from bonds to equities.
According to Charlie Gasparino (via Josh Brown) some clients of UBS are about to get a shocking letter in the mail.
UBS is planning a mass mailing to many of its brokerage clients alerting them that they have been reclassified as “aggressive” investors following a recent change in its market outlook that some people inside the firm say reflects growing bearishness in the bond market, particularly over the long term, the FOX Business Network has learned.
Full article: REPORT: UBS Is Going To Send A Letter That Could Scare The Heck Out Of Clients Invested In Bonds (Business Insider)
Global Geopolitics 