UAE investors mull shift in strategies to combat inflation

UAE investors mull shift in strategies to combat inflation

Investors in the UAE cited inflation, the threat of recession, and an uncertain global economy as their top concerns with a segment of them saying that they are changing investment strategies to combat global inflation, a survey by a leading global bank revealed on Tuesday.

Standard Chartered’s Wealth Expectancy Report 2022 based on a survey shows 61 per cent of local investors are more actively managing their wealth and making changes to their investment strategies, given current economic challenges.

The survey, which examined 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, said globally too investors are worried over rising inflation (34 per cent), a recession (27 per cent) and uncertain global economy (22 per cent).

Survey results show 61 per cent of local investors are more actively managing their wealth and making changes to their investment strategies, given current economic challenges. In the past year, local investors have made changes to their finances, such as spending less (29 per cent) and making new decisions around their portfolios (27 per cent), which will prompt shifts in major asset classes.

Dr Owen Young, head of Affluent and Wealth Management