World’s Richest Investors See Sharp Market Drop In 2020 – UBS Survey
- 3,400 high net worth investors with at least $1 million in investable assets were surveyed by UBS
- Fifty-five percent of respondents expect a significant drop in the markets at some point in 2020.
- The super-rich have increased their cash holding to 25% of their average assets, the survey showed.
A majority of the most wealthy investors around the world are bracing for a big sell-off next year, according to a UBS survey.
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