UBS On-Air: Market Moves How should I be positioned? with Dan Ivascyn (PIMCO) and Jason Draho (UBS CIO)
Jun 25, 2025
Dan Ivascyn, Group CIO for PIMCO, joins Jason Draho, Head of Asset Allocation Americas at UBS, to navigate today's complex investment landscape. They discuss the implications of U.S. trade policy and shifting global dynamics, especially with China. The focus turns to inflation trends and strategic opportunities in fixed income markets. Ivascyn and Draho highlight the importance of liquidity management in light of rapid market changes and emphasize the need for adaptable investment strategies to thrive amidst uncertainty.
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Tariffs as a Negotiation Tool
- Tariff policy under the Trump administration introduces significant global economic uncertainty.
- Tariffs will likely stay higher than usual but be used as a negotiation tool for broader outcomes.
Politics Drives Economic Outcomes
- The current investment environment is shaped by politics driving economics, unlike traditional norms.
- Investors should embrace global opportunities with a cautious, diversified approach and flexibility to adjust.
Incorporate Policy in Investing
- Supplement traditional economic data with policy insights to understand investment risks.
- Diversify geographically and across sectors while running multiple scenarios including political factors.