UBS’s Billionaire Clients Are Betting on Big Gains From Energy
They’re also seeing opportunities in pharma, biotech and software, with Asia Pacific excluding mainland China ranking as the top region.
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UBS Group AG’s billionaire clients are betting the energy sector offers the biggest opportunities over the next five years.
Almost half of the super-rich clients the bank surveyed said energy was attractive for future investment returns and business, the most among 21 categories overall, according to a report published Thursday. About a third of the 50 billionaires polled also viewed biotechnology, pharmaceuticals and software as attractive areas, the Zurich-based firm said.