Few wealthy investors deployed cash in meltdown, UBS Survey says

Of the high-net-worth investors, 68% believe now is a good time to buy equities, though 80% are keeping their cash holdings unchanged

Only about 10 per cent to 15 per cent of investors took advantage of the recent market pullback to boost their equity allocations or put cash to work, according to UBS Group AG.

“We believe that this bull-market correction provides an opportunity,” Michael Ryan, Americas chief investment officer, and Justin Waring, Americas investment strategist, wrote in a report discussing a UBS Survey of more than 1,000 high-net-worth individuals and business owners. The survey was taken the week of Feb. 5, in the middle of the market meltdown.
 

“For investors that have been on the sidelines waiting for a market pullback