Wealthy investors and business owners are remaining optimistic about the longer term despite a sharp dip in short-term confidence due to the coronavirus, according to the new quarterly Investor Sentiment survey from UBS.
According to the survey, which polled 4,108 wealthy investors and business owners in 14 markets in April, 70 percent of respondents said they are optimistic about the long-term economic outlook for their region, virtually unchanged from the prior survey three months previously. About 46 percent expressed optimism on the short-term outlook, down from 67 percent.
The share of investors expressing short-term optimism fell most sharply in the United States, from 68 percent to 30 percent, and least sharply in Europe outside Switzerland, from 58 percent to 50 percent. In Asia, it fell from 71 percent to 55 percent; in Latin America, from 60 percent to 49 percent; and, in Switzerland, from 47 percent to 28 percent.
Globally, 47 percent of inve
