Singaporean millionaires focus on wealth preservation in age of unpredictability: UBS

SINGAPORE (May 17): Eight-four percent of Singaporean millionaires believe they are living through the most unpredictable period in history, with the majority citing the risk of greater trade barriers as one of the largest sources of domestic uncertainty, a recent survey by UBS Wealth Management found.

But the survey also found that Singaporean millionaires are more confident about dealing with the unpredictability. They are also more focused on wealth preservation in order to leave a legacy for their children and grandchildren.

UBS Wealth Management conducted the global study millionaires across seven markets regarding their hopes, attitudes and investment focus for 2017. Of the 2,842 millionaires surveyed, 401 were from Singapore. The others were from Hong kong, Japan, Mexico, Italy, Switzerland and the United Kingdom.

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