UBS On-Air: House View
House View brings you daily, weekly, and monthly content covering our multi-asset views on economic trends and financial markets from the UBS Chief Investment Office
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House View Daily | Why higher rates can favor hedge funds
Higher interest rates can be a headwind for many investments, but they can also create a more favorable environment for hedge funds. A higher cost of capital increases differences among companies, economies, and securities, giving active managers more opportunities to identify relative leaders and laggards.
House View Daily | AI infrastructure: Strong demand does not remove execution risks
Potential delays at a major US data center have intensified scrutiny of AI infrastructure financing. We don’t see this as a risk to compute demand itself, but if it widens, it could affect deployment timelines, funding costs, and investment returns. We continue to favor diversified thematic exposure to both the AI and Power and resources opportunities across public and private markets, with an emphasis on quality and balance-sheet strength.
House View Daily | Higher yields need not derail markets
Strong US activity, higher oil prices, and a weak Treasury auction pushed the 10-year yield above 5.1% and weighed on equities. But we expect less Fed tightening than markets currently price, while resilient growth and robust earnings should help risk assets absorb measured rate increases.
House View Daily | Higher yields need not derail markets
Strong US activity, higher oil prices, and a weak Treasury auction pushed the 10-year yield above 5.1% and weighed on equities. But we expect less Fed tightening than markets currently price, while resilient growth and robust earnings should help risk assets absorb measured rate increases.
House View Daily | Build resilience through portfolio diversification
Oil prices fell on signs of progress in US-Iran talks, but geopolitical and market risks remain. We expect equities to rise further, although periods of volatility are likely. Investors can strengthen portfolios with capital preservation strategies, broad commodities, and alternatives.
House View Daily | Consumer agents may power the next phase of the AI trade
The rapid early adoption of Meta’s Muse highlights the potential for consumer AI agents to expand monetization channels. We see rising adoption supporting hyperscalers’ returns on AI investment and strengthening demand across the semiconductor and hardware value chain.
House View | Jumpstart
Welcome to CIO Jumpstart, your guide to the main market events coming up in the week ahead. Today we ask the following three questions: 1. Can equities withstand higher yields after the Fed’s hawkish increase? 2. How far will Europe’s policy shift extend after the Fed rate hike? 3. Will progress in the Middle East ease pressure on oil prices?
House View Daily | The case for investing amid rising rates
While elevated oil prices and renewed monetary tightening are testing investor confidence, cash alone is unlikely to deliver the long-term returns needed to offset inflation, taxes, withdrawals, and longevity. Investors should maintain near-term liquidity while putting excess cash to work in diversified portfolios.
House View Daily | How to position in fixed income as Fed hikes rates
The Fed’s hawkish rate hike has led markets to price in more tightening. We believe this repricing creates opportunities in fixed income, but investors should remain selective on duration and credit risk.
House View Daily | What matters from today’s Fed decision?
Wednesday may see the Fed kick off a new tightening cycle in the US. For portfolios, the key questions concern earnings resilience, market pricing, and diversification.
