NEWS: UBS calls on customers to start with emerging market stocks

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In spite of the deepening concerns of Brazil, the largest Latin American economy, UBS still called on customers to snatch emerging market stocks on Thursday, saying it is now a "buying opportunity" for such asset classes.
UBS group analysts once again optimistic about Europe, the Middle East and Africa, the investment recommendations for these areas from "reduced code" to "overweight".
The rating of Poland, the largest economy in China and Europe, has been upgraded to "overweight" in terms of the rating increase of individual countries. The Mexico rating, which will be held next month, is also raised to "add up, as UBS believes that the risk of the election is reflected in the price, and the Mexico Peso looks pretty cheap." Columbia's rating is also "neutral".
UBS stock strategy team said, "according to UBS macro / market background information, we are still optimistic about emerging market stocks. We think this is "the time to buy."
But UBS reduced Brazil's rating to "neutral" because of a substantial deterioration in the local market, a serious downgrade of growth forecasts, and political uncertainty before the late election this year.


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