Over the past 12 months, there have been many unexpected events that have had major political, economic and social consequences, including the election of Donald Trump as President of the USA, the UK’s vote to leave the European Union, tensions over North Korea, terrorism and natural disasters.
At the same time, discussion continues about some powerful long-term trends, including climate change, a rising tide of populism, the development of artificial intelligence and robotics. Each has the potential to cause significant uncertainty.
UBS Investor Watch, our international study of people with more than $1m to save and invest, looks at how unpredictability is shaping the actions and attitudes of High Net Worth individuals across the globe.
We discovered some interesting findings:
- 80% of millionaires surveyed felt that we are living through the most unpredictable period in history
- 80% believe that emotions, rather than facts, drive the decisions of voters today
- 52% of millionaires are confident their finances will improve over the next 12 months
This edition also explores how HNWIs are responding to uncertainty and the impact it could have on their wealth.