UBS Wealth Manager Cautions On Big Tech

Kleo Curry, vice president of Wealth Management at UBS Financial Services, says she's 'cautious' on positioning too heavily in Big Tech. 

By Reuters

Kleo Curry, vice president of Wealth Management at UBS Financial Services, says she’s ‘cautious’ on positioning too heavily in Big Tech, despite investor excitement over AI products.

Curry warns that this year’s tech gains — which have largely propelled the S&P — could fade given that the economy is slowing, and adds that diversification into defensive sectors such as utilities is key.

This video was provided by Reuters.

Latest news

Drug Shortages Approach an All-Time High, Leading to Rationing

Thousands of patients are facing delays in getting treatments for cancer and other life-threatening diseases

Cars May Have Explosive Airbag Part

The Wall Street Journal has identified at least 6.8 million vehicles that may have dangerous air-bag inflators.

Large Advisory Team Joins Commonwealth

A long-time Securities America advisory firm with nearly $465 million in assets under management has joined Commonwealth Financial.

Schwab: Debt-Ceiling Woes Shouldn’t Intimidate Investors

Government default is unlikely, but even so it would not really impact those with a longer-term investing horizon.

Accelerated Biological Aging Can Worsen Mental Health

A new study of nearly a half-million midlife and older adults found it may increase depression and anxiety.

Advisor Growth Curbed By Psychological Factors: FPA

A study by the FPA and Janus Henderson finds psychological and other reasons stand in the way of financial advisors' AUM growth.