Nearly half of wealthier investors will keep their portfolio’s exposure to stocks over the next six month and 37% plan to invest more, according to a new survey of global investors.

UBS’s wealth management arm has predicted a ‘decade of transformation’ beginning in 2020.

Wealthy investors are cautious on 2020 but optimistic on the decade ahead, the latest UBS Investor Watch survey has found.

UBS’ global wealth management and asset management arms have enjoyed a profits boost, according to the firm’s third quarter results.