Offloading US assets is a "dangerous bet": UBS

Selling off US assets and the US dollar is a "dangerous bet", UBS chief executive Sergio Ermotti said, following the Danish pension fund AkademikerPension exiting the US debt.

“Diversifying away from America is impossible,” Ermotti said in a Bloomberg Television interview at the World Economic Forum in Davos, citing the world's strongest economy position of the US.