Investing
Rich Investors Are Optimistic Despite Economic Turmoil, UBS Says
Positive sentiment on markets comes despite fears of inflation and geopolitical risk in a new survey by the Swiss bank.
Photographer: Pichsakul Promrungsee /EyeEm/Getty Images
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Markets are down. War rages on. Recession looms. Yet high net-worth investors say they still feel positive about the future.
A full 59% of rich investors told UBS Group AG they are optimistic about the short-term outlook for the stock market, according to the Swiss lender’s Investor Sentiment survey, released Wednesday. That’s up from 50% three months ago, when markets were about to turn south again after a brief rally.