US equities are attractive, says UBS wealth arm

Attractive investment: Pedestrians walk past the New York Stock Exchange in New York. UBS Wealth Management chief investment officer Mark Haefele says US earnings are likely to grow 3 in 2016. – Bloomberg

TOKYO: US equities are an attractive investment as economic momentum is picking up and some bearish factors such as a strong dollar and low oil prices are diminishing, a top fund manager of UBS’s US$2 trillion wealth arm, told Reuters.

Mark Haefele, Zurich-based global chief investment officer of UBS Wealth Management and UBS Wealth Management Americas, said investors should bear in mind the stronger basis now for higher interest rates in the world’s largest economy.