Paul Raphael, Client Advisor at UBS Jersey, shares the latest UBS Investor Watch research results, which give a valuable insight into the effect that Covid-19 has had on investor sentiment
Amid the confinement of the pandemic – and facing threats to their lives and livelihoods – investors have looked inward.
Most rediscovered the joy of family, the importance of feeling safe and secure, and the value of health. Now, emerging from lockdowns and still grappling with Covid-19, investors find themselves in a world that may have changed forever.
In May, we surveyed more than 3,750 investors, split across 15 global markets. Our results indicate that the pandemic and its aftermath have inspired investors to focus on the things that truly matter to them – spending more time with family, protecting loved ones and safeguarding their health.
In the wake of the global pandemic, 75% of investors have concluded that life will never be the same again, with investors in Latin America and the US believing most strongly in permanent change.
To accommodate the new normal, investors are already planning to adjust their lifestyle. Seven in 10 will reduce travel and trips to the office going forward. Half intend to move closer to family, and 46% may forsake cities for less populated areas.
Many investors emerged with greater clarity, and a renewed focus on the most important things in life. A full 88% say staying healthy is their top priority and eight in 10 want to spend more time with family, and shield themselves and their loved ones from harm.
Undoubtedly, Covid-19 inflicted hardship on many – 70% of respondents confirmed that they have been financially impacted by the pandemic, one quarter significantly so.
Unfortunately, 81% also expect the fear that took hold during the pandemic to remain for the foreseeable future.
Millennials in particular have been affected financially. But despite their concerns – job security, declining income and potentially delayed retirement – they are still intent on making a difference for others.
One third have increased their financial support to family members affected by Covid-19. Many are also interested in philanthropy and sustainable investing.
Looking ahead, investors globally feel a mix of hesitation and anticipation. Eight in 10 see both risk in the current environment and opportunity as well.
The uncertainty is driving an increased need for advice. Among investors with an advisor, for example, 83% are seeking more guidance than usual.
With the pandemic not yet in the rearview mirror, investors are navigating a changed world. Most will find their way with clear priorities, trusted guidance – and a continued appreciation for the most important things in life.
FIND OUT MORE
You can view the full Investor Watch report by clicking here
If you would like more information on how UBS Wealth Management in Jersey can provide you with advice and support, please contact:
Paul Raphael, Client Advisor UBS AG,
Jersey Branch
1, IFC
St Helier, Jersey
JE2 3BX
01534 701135
paul.raphael@ubs.com
UBS Global Wealth Management provides financial advice and solutions to wealthy, institutional and corporate clients worldwide. As part of our leading research capabilities, we survey global investors on a regular basis to keep a pulse on their needs, goals and concerns. Since 2012, UBS Investor Watch has tracked, analysed and reported on the sentiment of high-net-worth investors.
UBS Investor Watch surveys cover a variety of topics, including:
• Overall financial sentiment
• Economic outlook and concerns
• Personal goals and concerns
• Key topics such as ageing and retirement
For this edition of UBS Investor Watch, we surveyed more than 3,750 investors in May 2020. They were made up of 25- to 30-year-olds with at least $250,000 in investable assets, 31- to 39-year-olds with at least $500,000 in investable assets, and those aged 40 or above with at least $1m in investable assets.
The global sample was split across 15 markets: Argentina, Brazil, mainland China, France, Germany, Hong Kong, Italy, Japan, Mexico, Singapore, Switzerland, Taiwan, the UAE, the UK and the US.
www.ubs.com/global/en/wealth-management/our-approach/investor-watch
UBS AG, Jersey Branch is authorised and regulated by the Jersey Financial Services Commission for the conduct of banking, funds and investment business. UBS AG, Jersey Branch is a branch of UBS AG (a public company limited by shares, incorporated in Switzerland whose registered offices are at Aeschenvorstadt 1, CH-4051, Basel and Bahnhofstrasse 45, CH-8001 Zurich) with its principal place of business at 1 IFC, St Helier, Jersey JE2 3BX. Terms and Conditions are available upon request. © UBS 2020. All rights reserved.
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• This advertising feature was first published in the August/September 2020 edition of Businesslife magazine