UBS On-Air: Market Moves

Axios newswires reported the US and Iran “closing in on a deal”. Axios published similar reports on 15 April, 17 April, and 26 April. Markets want to believe, and blind faith drives pricing at the moment. The shape of the current war is largely in Iran’s hands. Investors have few insights into Iranian policy making.

For decades, emerging markets have been seen as the riskier part of portfolios. We discuss what has changed, and why markets are suddenly challenging that assumption now. Plus, we highlight how investors should consider using emerging market equities, bonds, and currencies in portfolios going forward. Featured is Alejo Czerwonko, Chief Investment Officer for Emerging Markets Americas, UBS Chief Investment Office. Host: Bryan Contreras

Elaine Zaharis-Nikas serves as Head of Fixed Income and Preferred Securities and a senior portfolio manager for the Cohen & Steers preferred securities portfolios. Elaine joins Frank Sileo, Senior Fixed Income Strategist Americas from the UBS Chief Investment Office, for a comprehensive discussion on the preferred securities market. They cover a performance update and outlook, risk considerations, positioning views, and more.

US policy in the Gulf war has been unpredictable, but publicly unpredictable. Yesterday’s retreat from“guiding”ships through the Strait of Hormuz was a public decision. The pressures of rising gasoline prices in the US economy are publicly visible. However, investors also need to know Iranian policy, which is privately unpredictable. The forces pressuring the Iranian government are difficult to determine.

Sudip Mukherjee, Senior Fixed Income Strategist Americas from the UBS Chief Investment Office, is joined by Pat Haskell, Head of the Municipal Bond Group within the Portfolio Management Group at BlackRock, for a wide-ranging conversation on the state of the municipal bond market. They cover a performance update and outlook, share views on muni credit, and discuss the growth in SMAs and ETFs in the muni market.