Global Investment Returns Yearbook 2025

With 125 years of data, the UBS Global Investment Returns Yearbook 2025 provides the historical evidence and perspective needed to underpin future investment strategy. Discover how the first quarter of the 21st century’s market performance compares with that of the 20th century.

Find out more about: 

  • Investing under Trump 2.0: Uncertainty and market volatility could persist as Trump’s policies take shape. But investors can bolster their portfolios by positioning for several enduring trends.
  • CIO House View: the impact of current economic trends on asset allocation based on our assessment of the global economy and financial markets.
  • Market News: Get the big picture on the world's markets, with our expert insights and analysis.
  • Exclusive events: Be in the know with our latest thought-leadership events in Asia Pacific.

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Investing under Trump 2.0

Trade war: the economic consequences

08 Apr 2025

Paul Donovan, Chief Economist, Global Wealth Management, and Kiran Ganesh, Global Head of Investment Communications, discuss current financial markets and economic policy regarding tariffs, and how they will evolve in the upcoming months.

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CIO Alert | Trade war: FAQ 

07 Apr 2025

Financial market volatility is exceptionally high amid conflicting headlines and ongoing uncertainty about the extent and direction of tariffs. In this note we provide answers to some of the key client questions we have received.

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CIO Alert | Trade war: Navigating volatility

06 Apr 2025

After steep market declines in the two trading sessions since "Liberation Day," further volatility is likely in the weeks ahead. While we do not believe markets are yet fully pricing a US recession, we do see upside by year-end in our base case.

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