Friday, May 11, 2018

Fintech, automation favored at UBS after share surge

Shares of financial-technology and automation companies have been market leaders in the past couple of years, and UBS Wealth Management expects more of the same. Both industries are among the investment themes that “offer the most promise,” Global Chief Investment Officer Mark Haefele wrote Thursday in a report. Global X exchange-traded funds that track these groups have risen more than an ETF for the MSCI World Index, a developed-market benchmark, since they began trading in September 2016. UBS also cited a third theme, growth in digital data. 

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