UBS: Wealthy clients withdraw from US dollar assets and turn to gold, cryptocurrencies, and Chinese assets Amy Lo, Co Head of Wealth Management at UBS Group Asia, stated that UBS's high net worth clients are increasingly withdrawing from US dollar assets and turning to gold, cryptocurrencies, and Chinese assets. Gold is very popular now, "Lo said in an interview with Yvonne Man at the Bloomberg New Voices event held in Hong Kong on Tuesday. She pointed out that the tense trade relations between China and the United States have prompted investors to diversify their asset allocation, which was originally "quite centered around the United States"; In addition to seeking other monetary assets, investors are also investing more funds in cryptocurrencies, commodities, and alternative assets. The volatility will definitely continue, "Lo added.