Tips from UBS's top advisor to the super-rich

Simon Smiles, chief investment officer for ultra high net worth at UBS Wealth Management, is bullish on US stocks and bearish on emerging markets.
Simon Smiles
Simon Smiles

Simon Smiles, UBS Wealth Management's global chief investment officer for ultra high net worth, spends much of his time travelling but as he trots around the globe he sees fewer solid investment stories.

The Swiss franc was one of them until the Swiss National Bank unexpectedly abandoned the cap on the currency's value against the euro in January, causing it to appreciate sharply and hitting Swiss exporters in the process.

The one exception to Zurich-based Smiles's downbeat prognosis is the US economy. Data last week showed US GDP growth was weighed down by severe weather conditions in the final quarter of 2014 but still...

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