Offloading US assets is a "dangerous bet": UBS

21-01-2026 15:50 HKT

Helen Zhong

CEO of UBS Sergio Ermotti attends the Swiss Bank Annual General Meeting, one year after buying rival Swiss bank Credit Suisse, in Basel, Switzerland, April 24, 2024. REUTERS/Denis Balibouse

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.

US UBS US dollar US treasury

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