易方达伊塔乌巴西IBOVESPA ETF(QDII)方面，BARCLAYS BANK PLC(英国巴克莱银行)持有7034.69万 份，占比23.45%，为第一大持有人；UBS AG(瑞银集团)持有709.38万份，占比2.36%，为第六大持有 人。 华夏布拉德斯科巴西伊博维斯帕ETF方面，BARCLAYS BANK PLC持有9174.79万份，占比高达 30.58%，为第一大持有人；UBS AG持有692.43万份，占比2.31%，为第四大持有人。 人民财讯11月10日电，11月10日，首批两只巴西ETF披露上市公告书，两只产品将于11月13日上市交 易。截至11月6日，两只ETF的机构投资者持有比例均在60%以上，前十大持有人中有两名为外资机 构。 ...

ab 6 November 2025 Global Research Global Gas Feedback on our global LNG note Key takeaways Investor feedback on our recent Global LNG report was generally consistent with our thesis. There is broad recognition of the potential risk of oversupply and the consequent downward pressure on prices. Key questions were around the timing of the inflection point, the scale of repricing and drivers of lower US utilisation, which we address below. 1) Could oversupply emerge sooner than expected? Some investors see the ...

UBS Group is winding down investment funds run by its hedge fund unit O'Connor, it said on Friday, after suffering losses due to exposure to bankrupt U.S. auto parts supplier First Brands Group. ...

中新社上海11月7日电 (记者 姜煜)瑞银投资银行中国股票策略研究主管王宗豪7日发表中国股票策略报 告称，三季度国际投资者增持了中国股票。 王宗豪说："我们跟踪的约800只将中国股票纳入其基准的主动型外国基金共持有2700亿美元的中国股 票。总体而言，2025年三季度这些基金将其中国股票低配比例减少了30个基点，达到2022年四季度以来 最低的低配水平。在这些基金中，截至2025年三季度，只有145只基金(资产管理规模为2120亿美元)未 持有任何中国股票，低于2025年二季度的167只基金。" 王宗豪称，2025年三季度将中国股票重新纳入其投资组合的基金大多为全球投资基金。此外，中国以外 的新兴市场在三季度也获得一定资金流入。从沪深港通的角度看，今年三季度南向资金流入仍高达560 亿美元，与今年一季度创纪录的水平持平，所有行业均录得净流入。(完) 据王宗豪分析，投资范围为全球、新兴市场和亚洲的国际投资者今年三季度均小幅提高了中国仓位。全 球前40大投资机构的中国股票持仓也升至1.1%，为2023年一季度以来的最高水平。按行业分，国际投 资者增持最多的行业为医疗保健、保险、能源和材料以及互联网。 ...

Group 1 - UBS's long position in Contemporary Amperex Technology Co., Ltd. (CATL) H-shares decreased from 5.1% to 4.98% on November 3, 2025 [1]

Core Viewpoint - The SEC is actively investigating Egan-Jones Ratings for potential improper influence on its rating procedures, reflecting a heightened regulatory scrutiny in the private credit market [2][4]. Company Overview - Egan-Jones Ratings Co. operates from a modest location and has established itself as a significant player in the private credit ratings market, rating over 3,000 private credit investments last year with a small team of about 20 analysts [4][9]. - The firm is recognized as a Nationally Recognized Statistical Rating Organization, allowing its ratings to be utilized by US insurers for regulatory capital calculations [6]. Industry Context - The private credit market is rapidly expanding, with approximately one-third of the $6 trillion in cash and invested assets held by US life insurers allocated to private credit investments [7]. - The role of smaller rating agencies like Egan-Jones has come under scrutiny, as their ratings are increasingly relied upon by insurers, raising concerns about the quality and potential for inflated assessments of creditworthiness [10]. Regulatory Environment - The SEC's investigation into Egan-Jones began during the Biden administration and is part of a broader effort to ensure integrity in the ratings process, especially as the private credit market grows [4][5]. - The SEC has not yet accused Egan-Jones or its executives of any wrongdoing, indicating that the investigation is still ongoing and its outcomes remain uncertain [4].

UBS Group’s asset management unit is working on a new fund that will invest in significant risk transfers, which could include deals issued by the Swiss lender, according to people familiar with the matter https://t.co/pKiFZ0VZmj ...

Core Viewpoint - The article discusses the transition from a strong dollar cycle to a weak dollar cycle, highlighting the expected decline of the US dollar and its implications for global assets and currencies [1][2][3]. Summary by Sections Dollar Cycle Phases - The dollar has experienced various cycles since 1971, with the current phase being a weak dollar cycle that has lasted over a year [1]. - Morgan Stanley predicts a significant decline in the DXY dollar index to 89 by the end of 2026, approximately 10% lower than the current level of 99.7 [2]. Currency Predictions - By the end of 2026, the euro is expected to rise from 1.1533 to 1.27 against the dollar, and the British pound from 1.3111 to 1.47 [2]. - The dollar is projected to fall against the Japanese yen from 154 to 124 [2]. - Deutsche Bank forecasts the dollar to yuan exchange rate to drop to 6.7 by the end of 2026 [2]. Monetary Policy and Interest Rates - The Federal Reserve recently lowered the federal funds rate by 25 basis points to a target range of 3.75%–4.00%, signaling a gradual easing approach [2]. - Market expectations for further rate cuts in 2026 have decreased, with a potential terminal rate approaching 3% [2]. Factors Influencing Dollar Weakness - Interest rate differentials are narrowing, with the Fed's rate cuts and the European Central Bank's slower rate cuts expected to reduce the dollar's carry trade advantage [3]. - Fiscal policies, including the anticipated tax cuts under Trump, are projected to increase federal deficits significantly, contributing to a weaker dollar [3]. - Global trust in the dollar as a safe asset is diminishing due to geopolitical tensions and economic policies, with the IMF reporting the lowest global dollar reserve share since 1995 [3]. Asset Rotation and Market Sentiment - A clear rotation in global assets is anticipated, with risk assets rebounding and commodity prices rising as the dollar weakens [7]. - Institutions like Allianz, UBS, and Bank of America recognize the consensus on a weaker dollar, shifting market logic towards buying non-dollar assets [7]. - UBS has upgraded emerging market stocks to overweight, particularly favoring Chinese stocks due to their relative valuation and low foreign investor holdings [7].

来源：滚动播报 瑞银集团分析指出，若美国最高法院裁定特朗普的关税政策非法，预计将迫使美国政府向进口商退还约 1400亿美元税款，相当于2025财年联邦预算赤字预估的7.9%。一旦美国政府败诉，巨额退税将立即引 发财政冲击，同时可能导致结构性低关税贸易环境的形成。若贸易伙伴不予反制，这种环境最终将利好 美国经济与股市。瑞银估计政府很可能动用《1974年贸易法》第201条及第301条等法律工具重建关税壁 垒，但此过程将耗时数个季度，并导致贸易政策灵活性下降。虽然退款将为进口企业带来意外之财，但 由于关税成本并未显著压低标普500指数盈利预期，其对整体市场的冲击可能有限。瑞银认为，该裁决 最终可能降低整体有效关税率，提升家庭购买力，缓解通胀压力，并为美联储提供更宽松的降息空间。 只要贸易伙伴避免升级反制措施，这总体上将受到股市投资者的欢迎。 ...

FRANKLIN, Tenn.--(BUSINESS WIRE)--Community Health Systems, Inc. (NYSE:CYH) today announced that management will participate in a fireside chat at the UBS Global Healthcare Conference to be held November 10 - 12, 2025. The fireside chat presentation will begin at 9:30 a.m. Eastern time, 8:30 a.m. Central time, on Tuesday, November 11, and will be available to investors via a live audio webcast. A link to the broadcast can be found at the investor relations section of the Company's website, www. ...