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.
  • Exclusive events: Be in the know with our latest thought-leadership events in Asia Pacific.

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Stay up to date with all things UBS Global Wealth Management

Investing under Trump 2.0

CIO Alert | Trade war: Strengthening portfolios in volatile times

10 Apr 2025

In this note we detail why we now see US equities as Attractive, how we believe investors can strengthen and diversify their portfolios during volatile times, and we update our scenario analysis considering the “90-day” pause to tariffs on most countries announced by President Trump on 9 April.

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CIO Alert | Trade war: Equity markets rebound on tariff pause

09 Apr 2025

US equities rallied by 9.5% on Wednesday after President Trump announced a 90-day pause in the imposition of reciprocal tariffs on most countries. This added to hopes that the US is open to negotiations about a more long-lasting resolution to trade disputes, and overshadowed a further rise in tariffs on China.

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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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