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Dubai / Emirates Business
High net worth individuals and business owners globally are optimistic and looking for opportunities to invest as markets rebound in 2019, according to UBS Global Wealth Management’s new quarterly Investor Sentiment survey.
The survey, which polled more than 3,600 wealthy investors and entrepreneurs in 17 countries, including the UAE, points to a rebound in bullish sentiment in the first three months of 2019 as markets recovered from the late-2018 slump.
While respondents held a large proportion of their assets in cash, many expressed willingness to invest it, results show.
With 83 percent of UAE investors optimistic about the local economy, and 78 percent expressing optimism on the global economy, the Gulf state registers as the most bullish of all regions surveyed. UAE investors hold similarly optimistic views on equities, with 80 percent of respondents in favour of local stocks.
They are also among the most likely to have plans to invest more (62 percent), second only to Latin American investors (66 percent).
Globally, fifty-one percent of investor respondents were optimistic on the global economy versus 21 percent who were pessimistic.