- Individual investors are more optimistic than a year ago: 35% are optimistic about the short-term (12-month) economic outlook, versus 21% a year ago. And while 38% are pessimistic about the economy, that number is dramatically lower than a year ago, when 60% felt this way.
- Younger investors are more optimistic: Younger private clients aged 25-49 are more optimistic about the short-term outlook and are more willing to take risks; 45% of younger investors are optimistic about the short-term economic outlook, compared to only one-third of older investors.
- Flight to cash appears over: The vast majority of investors feel they have the right amount of cash. High net worth investors, especially, plan to decrease cash holdings and reinvest in the markets over the next year.
- Debt, healthcare and the election are top of mind: 61% percent of US private clients are highly concerned about the size of the national debt in terms of potential impact on their financial goals and objectives. Rising health care costs and the national election were close behind on the list of investors’ worries.
- Investors starting to spend: Investors are spending more time and money on leisure and experiential activities and less on shopping.
About UBSUBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. Its business strategy is centered on its pre-eminent global wealth management businesses and its universal bank in Switzerland. Together with a client-focused Investment Bank and a strong, well-diversified Global Asset Management business, UBS will drive further growth and expand its premier wealth management franchise. UBS is present in all major financial centers worldwide. It has offices in 57 countries, with about 35% of its employees working in the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle East and Africa and 12% in Asia Pacific. UBS employs about 65,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). www.ubs.com/media