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November 04, 2016 at 09:53 AM
While investors are split in party affiliation, nearly half plan to vote for Hillary Clinton, according to a recent survey from Charles Schwab.
The survey of nearly 240 investors with $250,000 or more in total investable assets was conducted between Oct. 20 and Oct. 21.
Of the investors surveyed, 28% identify as Democrat, 31% as Republican, 33% as Independent and 8% preferred not to say. However when it comes to how these investors plan to vote, 46% said Clinton, 28% said Donald Trump, 10% said an independent candidate and 10% were still undecided.
Investors think Trump will have a more negative impact on the U.S. and global economies than Clinton.
(Related: Which Party’s Presidents Are Better for the Markets?)
According to the survey, 35% of investors think Trump would have a major negative long-term impact on the U.S. economy if he wins. That compares to 22% who said the same if Clinton wins. On the global economy, 55% of investors predict a major or minor negative long-term impact if Trump wins, versus 32% of investors who said the same if Clinton wins.
Regardless of who wins and who loses, most investors (77% of those surveyed) don’t plan to make changes to their portfolio ahead of the election.
“Successful investors understand that markets are always moving, and there’s really no way to avoid the volatility that can come from uncertainty—even when it’s caused by a contentious political campaign,” according to Schwab commentary on the survey.
