UBS Wealth Management report high-net-worth investors preparing for a (equity) market drop
This via Market Watch, a snippet from a report by UBSWM
- Wealthy investors hold 25% of their portfolios in cash, far higher than the roughly 5% that UBS recommends on average
- preparing for a drop in the market before the end of the 2020
3,400 high-net-worth investors
Here is the link for a little more.