ab Global Research 3 October 2025 Global Strategy Emerging Markets Manik Narain Strategist manik.narain@ubs.com +44-20-7568 3635 Global Strategy Slide Deck: EM opportunities into YE This report has been prepared by UBS AG London Branch. ANALYST CERTIFICATION AND REQUIRED DISCLOSURES, including information on the Quantitative Research Review published by UBS, begin on page 190. UBS' EM Strategy trade recommendations R ates Global Strategy 3 October 2025 ab 2 FX Equities Credit 1 Long CNH, TWD, ILS vs. $ tact ...