UBS says Wealthy Investors are hanging on to Cash
Even with inflation rising, many investors are stockpiling cash.
That’s an important takeaway from UBS Global Wealth Management’s fourth quarter Investor Sentiment report published last week.
Sixty-one percent of high-net-worth U.S. investors polled in January said they have more than 10% of their portfolio in cash and equivalents such as CDs. Of those, 56% said they are concerned about the impact of inflation on cash value, and 41% said they are waiting for the right opportunity to invest.
What’s more, most U.S. investors polled by UBS said they believe inflation will continue through 2022, with 62% saying it will last longer than 12 months.
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