Credit Suisse and UBS Tell Wealthy Clients the Same Thing: Buy Stocks
- Political risk keeping rich individuals on sidelines of rally
- Now’s the time for them to get back in, Swiss banks say
BlackRock Says No Reason for Fed to Change Outlook
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Credit Suisse Group AG and UBS Group AG have a message for their wealthy clients: it’s not too late to buy equities.
Political risk is keeping many rich individuals on the sidelines of a rally that’s sent global stocks surging to records amid a recovering world economy. Now’s the time for them to jump back in and take advantage of the gains still to be made, say the people looking after their cash.