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According to UBS, the rich in the world are prepared for a huge sell-off in 2020



A majority of the world's richest investors are preparing for a massive market sell-off in 2020, according to a new report from UBS Wealth.

More than half of the 3,400 wealthy individuals surveyed by UBS said that there will be significant market sales before the end of next year. According to the report, which was created between August and October.

"The rapidly changing geopolitical environment is the biggest problem for investors around the world," said Paula Polito, strategy consultant for clients at UBS GWM, in a statement. "They see that global connectivity and the reverberation of change are affecting their portfolios more than traditional business fundamentals, a significant change from the past."

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Nearly a quarter of a fifth ̵

1; 79 percent – expect volatility to increase next year, with nearly 72 percent describing the investment environment as "more challenging" than five years ago.

President Donald Trump (AP Photo / Susan Walsh) (AP Photo / Susan Walsh)

This is partly because 66 percent of respondents believe that the market is more geopolitical than geopolitical determines the fundamentals. One of the richest concerns of the rich was the 16-month trade dispute between the US and China and the upcoming presidential election.

INVESTORS LOOKING FOR PROGRESS FOR CHINA TRADE DEAL

Last week's record highs, supported by optimism about the possibility of a trade agreement between the two largest economies in the world. However, equities fell on Monday as countries struggled to complete the first phase of a trade agreement.

Despite reservations about next year, 69 percent of respondents said they were optimistic about investment returns for the next decade. – a trend that is most noticeable among millennials and other young investors.

Investors interviewed by UBS have investable assets of at least $ 1 million.

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