(Bloomberg) -- UBS Group AG is advising super-rich clients, who typically have at least $50 million, to buy contracts linked to the future dividends of European blue-chip companies after they lost value amid market turmoil following the U.K.'s vote to leave the European Union. Longer-dated contracts are the “best bet”, according to Simon Smiles, chief investment officer for ultra-high-net-worth clients at the Zurich-based bank. The contracts are undervalued, even after paring some losses following a “very sharp sell off post-Brexit.”
To contact the reporter on this story: Giles Broom in Geneva at gbroom@bloomberg.net. To contact the editors responsible for this story: Neil Callanan at ncallanan@bloomberg.net, Jon Menon
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