The Ultimate Guide to Wealthy Investors' Preferences in the U.S. Presidential Election | Investing.com
In a recent UBS survey, it was revealed that a majority of wealthy investors are showing strong support for Vice President Kamala Harris in the upcoming U.S. presidential election. According to the survey, 57% of wealthy investors favor Harris, while 43% intend to vote for former President Donald Trump.
Among Democrats, 91% are backing Harris compared to only 9% for Trump. On the other hand, 88% of Republican investors favor Trump. Independents are also leaning towards Harris, 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 primary 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, 51% of investors side with Trump while 49% prefer 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 compared to 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 changes include adjusting sector allocations, adding portfolio protections or hedges, increasing investments, and boosting cash holdings.
In conclusion, this data provides valuable insights into the preferences and concerns of wealthy investors and business owners leading up to the U.S. presidential election. Understanding these trends can help individuals make informed decisions about their investments and financial strategies.