Seven in 10 investors globally are considering a shift in their portfolio holdings ahead of the Nov. 3 U.S. presidential election, and three in five plan to make additional changes based on the result, UBS reported Wednesday.
In a survey, 66% of investors said they were considering allocations to the health care sector over the next six months, while 62% were considering 5G networks and 56% investments in a green recovery.
Fifty-five percent of respondents said their home region was an attractive investment, the most popular choice globally.
Forty-nine percent said they wanted to capture more yield in the next six months, compared with just 29% who wanted to reduce the level of risk in their portfolio.
And three-quarters of survey participants said they wanted more contact with their advisor.
“We recognized early in the pandemic that our clients needed advice more than ever, and the ongoing market volatility and political uncertainty reinforced that need,” Tom Naratil, president of UBS Americas and co-president of UBS Global Wealth Management, said in a statement.
UBS surveyed 2,852 investors with at least $1 million in investable assets, and 1,150 business owners with at least $1 million in annual revenue and at least one employee other than themselves from Sept. 22 to Oct. 12. The global sample comprised Argentina, Brazil, France, Germany, Hong Kong, Italy, Japan, Mainland China, Mexico, Singapore, Switzerland, the UAE, the U.K. and the U.S.
U.S. investors’ optimism over their region’s short-term economic and market outlook has increased by the second biggest margin globally. Fifty percent said they were optimistic on the economy, up from 41% three months ago, and 55% were optimistic on stocks, up from 44%.
Forty-nine percent of investors globally considered the U.S. an attractive investment, the highest across any one region.