Most investors globally are contemplating a shift in their portfolios ahead of the U.S. election, no matter which candidate—President Donald Trump or former Vice President Joe Biden —wins the race, according to a new UBS report.
About 72% of the 4,000 high-net-worth investors the Swiss wealth management firm surveyed say they plan to make changes in their holdings before the general election on Nov. 3. And 62% are considering additional adjustments based on the result, according to the UBS quarterly report released Wednesday. Read more…..
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“When we think about the trends in the economy and the trends in global politics that are in train right now, those trends, we think, will be strong enough to have quite a significant influence on policy, no matter who sits in the in the Oval Office chair,” said Paul Christopher, head of Global Market Strategy for Wells Fargo Investment Institute.
