The man who directs Europe's wealth

From Zurich, Dr Klaus Wellershoff helps allocate UBS private bank''s enormous funds. Here''s where he thinks the world is going.

Dr Klaus Wellershoff is the chief economist for UBS Wealth Management and Business Banking. The Zurich-based economist also has a key role allocating the private bank's massive portfolio of private client wealth. Here he gives his views on the current state of world affairs.

There is a lot of uncertainty right now geopolitically. What are you advising private clients to do

Wellershoff You have to take a step back from the uncertainty and focus on those things that are really important in the medium term. You have to look at things like basic valuations. The world is driven by hope, fear and greed, and things tend to overshoot and get exaggerated....

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