The UBS global asset management firm discovered that its high -equity clients have chosen to leave the dollar, as well as its assets linked in favor of investing in more alternative assets, such as gold and cryptography.
According to a report by the Chinese media Cailian News, co-establishment of the management of Asian heritage of UBS, Amy Lo, said that more rich investors are more inclined to alternative assets, as well as Chinese assets than ever.
He said that alternative assets such as gold and cryptocurrencies have recently become very popular in the light of economic volatility triggered by Trump’s general commercial rates.
“Gold is very popular now,” he said in an interview with Yvonne Man at the Bloomberg New Voices event held in Hong Kong on May 13.
According to what, UBS investors have begun to leave the US dollar, bonds, bonds and other assets backed by dollars due to economic uncertainty. Instead, they have begun to look for more alternative assets of “have sure” that are less affected by commercial tensions.
She said that investors have begun to diversify their assets, changing their portfolios of what was initial a variety of “quite centered in the United States” investment tools. In addition, he also noted that investors have also come to invest in the Chinese yuán and other assets backed by Yuan to avoid domain of the dollar.
Recent data indicate that the Chinese yuania has exceeded the US dollar in principles and mid -May 2025.
According to Reuters, Yuan reached a maximum of six months of 7,2169 per dollar on May 6, and for May 13 he had referred to approximately 7,201 per dollar. Duration The same period, the US dollar index fell from its recent peak about 101.79 to around 100.63 for May 14, reflecting a 0.37% drop in the day.
On the other hand, Bitcoin (BTC) recently crossed the threshold of $ 105,000 after the United States and China agreed a 90 -day pause in high trade rates, decreasing drastically. Meanwhile, Gold reached a new historical maximum of $ 3,390 last April amid geopolitical tensions.
