UBS Wealth Stands Pat on 20% Chance of North Korea War
- Kelvin Tay says company is sticking to China, Indonesia bets
- If war does break out, Malaysia stocks may outperform, he says
Rand Corp. Says N. Korea Bluffing With Nuclear War Threat
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UBS Group AG’s wealth management unit got its in-house risk analysts to help gauge the threat of war on the Korean peninsula, mapped out the impact on its investments, and then decided to do nothing.
Even as North Korea’s deputy ambassador to the United Nations said a nuclear war “may break out any moment,” the money manager dismissed it as “saber rattling, drum beating.”