Marktkommentar

UBS Global Perspectives

Multi Asset August 31, 2016

Overview

Equities: Equities continued to be supported by accommodative central bank policy in August and by the belief that key interest rates will stay lower for longer. Against this backdrop, emerging market equities outperformed their developed world peers. The MSCI All Country World Index returned 0.7% in local currency terms.

Fixed Income: Ten-year US Treasury yields rose marginally over the month, while UK gilt yields dropped sharply. Yields on major investment grade and high yield bond indices also fell as investors’ quest for yield continued.

Commodities: Oil prices rose significantly on hopes for a supply cut by the Organization of the Petroleum Exporting Countries (OPEC) in the coming months.

UBS Global Perspectives August 2016