The Ultimate Guide to Wealthy Investors' Preferences in the U.S. Presidential Election: Harris vs. Trump
In a recent UBS survey, it has been revealed that a majority of wealthy investors are leaning towards supporting Vice President Kamala Harris in the upcoming U.S. presidential election. The survey, conducted among investors with at least $1 million in investable assets, shows that 57% of them favor Harris, while 43% intend to vote for former President Donald Trump.
Democrats overwhelmingly support Harris, with 91% backing her compared to only 9% for Trump. On the other hand, 88% of Republican investors favor Trump. Among independents, Harris has a slight lead, with 60% indicating support for her compared to 40% for Trump.
The economy remains the top concern for these investors, with 84% naming it as their number one issue. Other significant concerns include Social Security (71%), immigration (68%), and taxes (69%). When it comes to who is better equipped to handle the economy, investors are almost evenly split, with 51% siding with Trump and 49% with Harris.
A separate UBS survey among business owners shows that the majority prefer Trump, with 53% indicating they will vote for him compared to 47% for Harris. Like wealthy investors, business owners also rank the economy as their top concern, followed by taxes, health care, Social Security, and immigration.
Both wealthy investors and business owners are feeling more optimistic about the U.S. economy and their portfolios than they did four years ago. They are also preparing for potential changes, with 77% of wealthy investors considering adjustments to their portfolios before the election. The most anticipated portfolio changes include adjusting sector allocations, adding portfolio protections or hedges, increasing investments, and boosting cash holdings.
In conclusion, wealthy investors and business owners have differing preferences in the upcoming U.S. presidential election, with Harris leading among wealthy investors and Trump preferred by business owners. The economy remains a top concern for both groups, and they are preparing for potential changes in their portfolios as the election approaches. It is crucial for investors to stay informed and adapt their investment strategies accordingly to navigate the uncertain political landscape.