Compared to their global peers, APAC investors are just slightly less optimistic but confidence is holding up. About 73% of them indicate that they are confident about their personal financial situation over the next 12 months, versus 75% of all investors in the survey.
That’s according to the 3Q19 edition of UBS Investor Sentiment Survey, conducted between 18 September and 3 October. UBS surveyed 1,802 high-net-worth investors with at least USD 1mn in investable assets and business owners with at least USD 250,000 in annual revenue and one employee. Of those, 461 have at least USD 5mn in investable assets.
The APAC sample was split across nine markets: China, Hong Kong, Taiwan, Japan, Singapore, Indonesia, Thailand, Malaysia and the Philippines.
On the Asian economy, they have turned more positive this quarter; 68% of respondents say they are ‘somewhat’ or ‘very’ optimistic about the region over the next 12 months, up from 60% in the 2Q study.