Standard Chartered: “27% of investors in the UAE are changing investment strategies to combat global inflation”

Standard Chartered: “27% of investors in the UAE are changing investment strategies to combat global inflation”

- Cash will take a backseat among UAE Investors, falling to 8.6% of portfolio allocation in 2023

- 54% look to do more sustainable investments next year, compared to 52% globally

- 72% of UAE investors still believe in digital assets, despite market turbulence

Dubai, United Arab Emirates: Standard Chartered’s Wealth Expectancy Report 2022 examines the shifts in investor decisions for more than 15,000 emerging affluent, affluent, and high net worth (HNW) investors in 14 markets – including the UAE – along with the resulting movements in major asset classes. Survey results show 61% of local investors are more actively managing their wealth and making changes to their investment strategies, given current economic challenges.

Outpacing inflation

Investors in the UAE cited inflation (30%), the threat of recession (21%) and an uncertain global economy (20%) as their top concerns. Rising inflation (34%), a recession (27%) and uncertain global economy (22%) are key worries for investors internationally too.

In the past year, local investors have made changes to their finances, such as spending less (29%) and making new decisions around their portfolios (27%), which will prompt shifts in major asset classes.

To outpace inflation, 61% of global investors are looking to reduce their cash holdings, compared to 71% in