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☆ Big Chinese cities are making it easier to buy homes to boost depressed property market
▼ + stars: | 2024-05-09 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Last October it removed curbs in most districts, and in March loosened restrictions on purchases of second homes. Other cities have also taken major steps to make the process of buying property easier. Changsha, the capital city of Hunan province, has also lifted home purchase curbs since last month. “The April Politburo meeting set a more supportive tone for the property sector, prioritizing the reduction of existing home inventory,” they said. “This may suggest that more local governments may be allowed to purchase homes directly from the market for social housing purposes.”

Organizations: Hong Kong CNN, Geely, Hangzhou Housing Security, Real, Administration, Getty Images, homebuyers, Communist Party, UBS Locations: China, Hong Kong, Hangzhou, Chengdu, China's, Sichuan, Getty Images Chengdu, Changsha, Hunan province, Evergrande, Beijing

☆ Asia's young and wealthy are fueling demand for art — what are they collecting?
▼ + stars: | 2024-01-08 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +2 min

Auctioneer Victoire Gineste gestures as she adjudicates for 20 million euros ($21.9 million) a recently rediscovered drawing by Michelangelo, the artist's first known nude, at the Christie's auction house in Paris on May 18, 2022. Wealthy, young collectors in Asia have been fueling demand for art — particularly via online channels — and have emerged as a key clientele for international auction houses. A report from the auction house showed a 65% increase in new Gen Z buyers in 2023. Sotheby's 2023 report stated that bidding activity of younger collectors grew to 30% in the first half of 2023 from 6% in 2018. Millennials and Gen X — aged 44 to 59 — are classified as "younger collectors" by the auction house.

Persons: Victoire, Michelangelo, Gen Zers, Christie's, Phillips, millennials, Millennials, X — Organizations: Art Basel, UBS Survey, CNBC Locations: Paris, Asia, Mainland China, Hong Kong, Singapore, Christie's Hong Kong, China, Taiwan, Asia Pacific, Americas, Europe, millennials, South Korea

☆ 'The great wealth transfer' is here: Billionaires set to transfer trillions to their kids
▼ + stars: | 2023-11-30 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

It marked the first time in the nine-year history of the report that newly minted billionaires accumulated more wealth from inheritance than starting a business. "The great wealth transfer, which we've all been talking about for the last 10 years, is underway," said John Mathews, head of UBS' Private Wealth Management division. Their total wealth great by 9% -- from $11 trillion to $12 trillion. The great wealth transfer from billionaires and multi-millionaires will likely change the landscape in investing and wealth management, as well as spending and philanthropy. "The wealth management industry needs to focus on those industries that can help accelerate the ability to invest in these areas," Mathews said.

Persons: John Mathews, Jeff Bezos, Mathews Organizations: UBS Billionaire, UBS, Private Wealth Management, Amazon

☆ Here are top stock ideas from UBS to play this earnings season
▼ + stars: | 2023-07-18 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

The second-quarter earnings season has kicked into high gear, and a slew of stocks have the potential to enjoy a boost when they surprise Wall Street, according to UBS analysts. Then UBS considers an "earnings alpha factor score," which views "value" as the most significant factor and sees "growth," "quality" and "momentum" as factors with enhanced returns. McDonald's could see a pop when it reports quarterly earnings next week, according to UBS' screen. Truist on Tuesday reiterated McDonald's as buy as the Wall Street firm expects same-store sales momentum due to the Grimace birthday meal. Other consumer names Campbell , Kellogg and Kraft Heinz could also outperform in this earnings season, according to UBS.

Persons: McDonald's, Campbell, Kellogg, Kraft Heinz, — CNBC's Michael Bloom Organizations: UBS, Hasbro

☆ Shein's average shopper is older than you think — and she's spending far more on clothing than your average American
▼ + stars: | 2023-06-26 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

The average Shein shopper is a nearly 35-year-old woman, according to a UBS report. While the average Shein customer skews older than the influencers associated with the brand, they are still 13 years younger than the average American adult shopper. The average Shein customer is female, earns $65,300 in annual income, and reported spending $100 per month on women's clothing. Shein customers also shop more frequently than the average American, both online and in stores. Environmental, social, and ethical business practices ranked among the lowest priorities for all American shoppers surveyed.

Persons: Shein, — Organizations: UBS, Service, UBS Securities, that's, Wall Street Journal, Walmart, Target, Shein, Google, Analysts Locations: TikTok, Amazon, Maxx

☆ The average shopper with student loans is a 37-year old earning $65,000 whose philosophy is 'Live for Today'
▼ + stars: | 2023-06-05 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

The survey results reveal a bunch of fascinating findings, especially when student loan consumers are compared against the average US adult over 18. The average income for student loan consumers was $65,400, slightly less than the $66,200 for the average US consumer. Student loan consumers are more likely to have purchased something from Nike over the past six months than any other brand. UBS argues the end of the student loan payment moratorium will hit a bunch of brands and retailers like American Eagle Outfitters, Nike, and Gap. As my colleague Ayelet Sheffey has reported, the Biden administration remains confident that the Supreme Court will rule in its favor over the legality of its student debt forgiveness.

Persons: —, Jay Sole, They're, Levi's Jeans, Calvin Klein, Armour, Zers, Ayelet Sheffey, Biden Organizations: UBS, Service, Student, Nike, American Eagle Outfitters, TIAA Institute

☆ When it comes to your Wall Street internship, revert to the mean
▼ + stars: | 2023-06-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Wall Street's summer internship is officially here as investment banks open up their doors to eager college students. The 10-week internship program represents a critical juncture for aspiring Wall Streeters. Lucky for you, Insider's Emmalyse Brownstein has a foolproof guide for how to navigate your Wall Street internship, mapping out the key dos and don'ts. Read more about everything you should, and shouldn't, do during your Wall Street internship. One to watch at Goldman Sachs.

Persons: Dan DeFrancesco, Lydia Warren, we've, Goldman Sachs, Let's, Wall, Brownstein, Banks, Read, Brad Pitt's, He's, you've, Leo Bogdanov, KKR's, Nishi Somaiya, John Waldron, Daniel Pinto, Balyasny, Jane Fraser, We've, Jeffrey Cane, Hallam Bullock Organizations: KKR, nab, Citadel, Goldman, JPMorgan, Millennium, UBS, LinkedIn Locations: Hawaii, Wall, New York, London

☆ Managers of the ultra-rich's fortunes are too afraid to ask them about succession plans
▼ + stars: | 2023-06-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

The majority of family offices don't have a wealth succession plan, according to a new UBS survey. One family office exec told UBS discussing inheritance is "very difficult." That revelation comes despite 63% of family offices acknowledging that supporting the generational transfer of wealth was their main purpose. However, I think it's safe to say that most rich people who establish a family office do it for a handful of reasons. Family offices did seem to agree on one thing: They won't be taking a pay cut.

Persons: Logan Roy wasn't Organizations: UBS, Swiss Locations: London

☆ Family offices are lifting their exposure to bonds and emerging-market equities, UBS survey says
▼ + stars: | 2023-05-31 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Family offices are making major shifts in their portfolios, increasing their exposure to bonds and emerging-market equities, according to a UBS survey. The wealthy cohort plans to raise developed market fixed income investments in 2023, with more than one-third of family offices aiming at high-quality, short-duration bonds, according to the survey, which earlier this year polled 230 global family offices. "The shift that's going on is very telling," Charles Otton, head of UBS' global family and institutional wealth business, told CNBC. "Developed market fixed income and government bonds are strongly attractive to family offices as they look to 2023 in a very different rate environment." Duquesne Family Office's Stanley Druckenmiller, for one, has been calling for a recession for a while .

Persons: Charles Otton, Otton, Office's Stanley Druckenmiller Organizations: UBS, CNBC, Federal, Duquesne

☆ Brand hotels stand to benefit from China's reopening, says UBS analyst Robin Farley
▼ + stars: | 2023-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrand hotels stand to benefit from China's reopening, says UBS analyst Robin FarleyRobin Farley, leisure and lodging analyst at UBS, joins 'The Exchange' to discuss a UBS survey with Chinese consumers about their travel plans, how China's reopening will impact travel flows and the economic benefits of casino-related tourism.

☆ This new athletic shoe stock could double as its brand becomes a breakout hit globally, UBS says
▼ + stars: | 2022-11-02 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Shares of Swiss footwear maker On can roughly double from here as its brand becomes a breakout hit globally, according to UBS. Analyst Jay Sole said his buy rating conviction in the stock increased after reviewing the results from a UBS global athletic survey that suggested On could outperform in a crowded market. "UBS Evidence Lab's 2022 Global Athletic Survey reveals the On brand is gaining traction with global consumers. According to a UBS survey, On ranks fifth globally among consumers as a brand that is "good for doing sports," a characteristic the analyst expects is "key to its future success." UBS surveyed 5,500 representative consumers from the US, China, France, Germany, and the United Kingdom, according to the note.

☆ Inflation-Driven Record Rents Mean More People Are Piling In With Roommates
▼ + stars: | 2022-10-25 | by ( Will Parker | ) www.wsj.com time to read: 1 min

After a long stretch of record-high rents, Americans are renting fewer apartments. Some are choosing to take on roommates, while others are boarding with family or friends. More people are opting to stay longer in their parents homes’ or moving back in, rather than pay the steep rent increases many are experiencing, according to a recent UBS survey.

☆ Surging Rents Push More Americans to Live With Roommates or Parents
▼ + stars: | 2022-10-25 | by ( Will Parker | ) www.wsj.com time to read: 1 min

After a long stretch of record-high rents, Americans are renting fewer apartments. Some are choosing to take on roommates, while others are boarding with family or friends. More people are opting to stay longer in their parents’ homes or moving back in, rather than pay the steep rent increases many are experiencing, according to a recent UBS survey.

☆ 44% of UBS survey respondents plan to buy residential property in next 12 months
▼ + stars: | 2022-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email44% of UBS survey respondents plan to buy residential property in next 12 monthsJohn Lovallo, UBS senior research analyst, joins 'Power Lunch' to discuss a recent housing survey from UBS, who the company surveyed and how investors should view the homebuilder sector.

At the International Monetary Fund's last count in the first quarter of this year, almost 5% of the world's foreign currency reserves were denominated in sterling - a total of $625 billion dollars worth of sterling and sterling assets on a crude calculation from the $12.55 trillion total. The UK has a reserve currency so it can always issue debt – it's just a question of the right price." But what if that reserve currency position is threatened and foreign central banks balk at holding so much sterling in their national savings stashes? Seven of the world's top 10 reserve holding central banks are in Asia or the Middle East. UBS chart on its 2022 survey of world reserve managersThe opinions expressed here are those of the author, a columnist for Reuters.

☆ Family offices have become a $6 trillion powerhouse in investing—and deal-making
▼ + stars: | 2022-07-11 | by ( Robert Frank | ) www.cnbc.com time to read: +11 min

Family offices now manage more than $6 trillion in wealth, according to some estimates, surpassing the estimated $4 trillion managed by hedge funds. Many billionaire hedge fund managers, seeking lighter regulation or freedom from benchmarks and outside investor demands, are also converting to family offices. Singapore recently created a Family Office Development Team to lead and coordinate initiatives that will attract more family offices. The Wealth Management Institute has launched the Global-Asia Family Office Circle in Singapore to attract more family offices. Even family offices that serve more than one family often receive an exemption from the SEC to keep their filings confidential.

Persons: Andrew Cohen, John Paulson, Leon Cooperman, That's, Exchange Sara Hamilton, Cohen, John D, Rockefeller, J.P, Morgan, Goldman Sachs, " Cohen, Morgan Stanley, Daniel DiBiasio, We've, Michael Dell's, Goldman, Gregg Lemkau, West, Byron Trott, Sara Hamilton, Nicky, Jonathan Oppenheimer, Sergey Brin, James Dyson, Bill Hwang, Alexandria Ocasio, Dennis Kelleher, Kelleher, Archegos, Hamilton Organizations: Street, Morgan Private Bank, Forbes, Federal Reserve, Campden, Family, Exchange, JPMorgan, Bank of America, Citigroup, Credit Suisse, UBS, Deutsche Bank, Morgan Stanley Family, MSD Partners, Container Technologies, BDT Capital Partners, Wealth Management Institute, Google, SEC, Archegos Capital Management, Rep, Better Locations: Asia, U.S, Wall, West Monroe, Singapore, Alexandria, Cortez, Archegos

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