Mark Haefele, chief investment officer of global wealth management at UBS, says investors need to be “humble” about the need to diversify portfolios. Speaking on Bloomberg Television, Haefele lists health-care stocks, emerging-market bonds, and commodities, including gold, as assets which can be part of a broader markets strategy. He also comments on the yen, saying it is not likely the currency is going to appreciate. (Source: Bloomberg)
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