Greater than half of the world’s wealthiest buyers are getting ready for a drop in monetary markets earlier than the top of subsequent 12 months, in response to UBS International Wealth Administration. 

Buyers are cautious about geopolitical dangers as they reposition their portfolios into the brand new 12 months. Among the many most generally perceived dangers for buyers: the long-simmering commerce dispute between the U.S. and China and the upcoming presidential election in 2020. 

About 55% of respondents mentioned they anticipate that there might be a “important drop” within the markets earlier than the top of 2020, UBS mentioned. 

Cautious buyers are making preparations for potential turbulence. About 25% of their common belongings are in money, the financial institution mentioned, whilst shares push to document highs.

Extra gyrations may very well be on the horizon. Roughly 79% of respondents mentioned they assume markets are transferring towards a interval of upper volatility, in response to the survey of greater than 3,400 high-net-worth people.

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“The quickly altering geopolitical setting is the largest concern for buyers all over the world,” Paula Polito, consumer technique officer at UBS International Wealth Administration, mentioned in a press release. “They see world interconnectivity and reverberations of change impacting their portfolios greater than conventional enterprise fundamentals, a marked change from the previous.”

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