UBS: Gold, Cryptocurrencies, and Yuan Gaining Popularity Among Wealthy Investors Over Dollar
Uk Jin
Summary
- According to UBS, wealthy investors are reportedly favoring gold, cryptocurrencies, and yuan over the US dollar.
- Amy Lo, Co-Head of Asia Asset Management, stated that the China-US trade tensions are impacting asset allocation.
- As the traditional dollar-centric asset allocation changes, gold and cryptocurrencies are emerging as attractive alternatives.
There is a claim that among wealthy investors, gold, cryptocurrencies, and the yuan are gaining popularity over the US dollar.
According to Sina News on the 14th (Korean time), Amy Lo, Co-Head of UBS Asia Asset Management, stated in an interview that "as the trade situation between China and the US becomes tense, asset allocation, which was previously concentrated on the US dollar, is being divided into gold, cryptocurrencies, and the Chinese yuan."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
