The world's richest are bracing themselves for a turbulent 2020.
UBS Global Wealth Management assessed 3,400 of its wealthiest investors.
% - Volatility - % - Drop - Markets
In 2020, 79% expect more volatility and 55% see "a significant drop in the markets" by year-end.
The US-China trade conflict came out as a top concern for investors.
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The worlds richest are bracing themselves for 2020, with the majority believing that markets are due a big drop by the end of the year.
Report - UBS - Global - Wealth - Management
That's according to a report from UBS Global Wealth Management, which assessed 3,400 of its wealthiest investors to gauge their thoughts on the future.
In the survey of the investors across 13 markets, each owning more than $1 million in "investable assets," 79% expect more volatility in 2020 and 55% see "a significant drop in the markets" by year-end.
Concerns - Instability - Government - % - Markets
Most of the concerns were coming from instability in government — 66% felt that markets were being driven more by geopolitical events — with the US-China trade conflict the top concern. Just...
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