A new global survey has discovered that high net worth investors are feeling upbeat over the economy and stock market in 2020.
According to a study conducted by the UBS Global Wealth Management Investor Sentiment Survey, which analysed over 4,800 affluent investors as well as business owners across 19 markets, discovered that 67 percent of rich investors have an optimistic attitude towards their own economy while 60 percent are buoyant as far as the global economy is concerned in this year.
When the survey was last conducted three months ago, the figures were 61 percent and 53 percent correspondingly, thus showing a significant improvement in the outlook of rich investors with regards to the economy.
This positive outlook stems from anticipation that the year 2020 will secure a great yield for investors. 94 percent of HNW individuals looked forward to fruitful earnings and 44 percent of wealthy investors forecasted double digit returns.
Paula Polito, UBS Global Wealth Management divisional vice chairman, said that almost all investors recorded positive returns on their portfolios last year and looked forward with great hope for this year.
But she warned that this upbeat mood could be eclipsed by any adverse geopolitical occurrences that could dash the hopes of all investors.
The United States reported the largest increase in investor emotions, with 68 percent of the wealthy investors in the world’s most powerful nation exhibiting a favourable attitude on their country’s economy and 64 percent upbeat on their stock markets.
The next most upbeat region on the economy was Asia, with more than 70 percent of investors exuding confidence on the continent’s economy and stock market scenario. And, on the whole, the market investors in Asia displayed the most favourable mood on the economy.