Nearly three-fourths (72%) of UHNW investors – those with US$5 million to US$25 million – responded saying that the European debt crisis has affected or will affect the way they invest.
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A mild recession in Europe is expected to dampen global economic growth, according to the International Monetary fund which has lowered its 2012 growth forecast from 4% to 3.25%.
According to the study, non-millionaire investors – those with investable assets of US$100,000 to US$1 million – are less likely to change the way they invest as a result of the European debt crisis and its fallout. About 57% said events in the euro zone will affect their investment decisions this year.
The report says that UHNW investors appear increasingly reluctant to venture into international investing. 42% of those surveyed said they had no interest in international investment, compared to 35% percent who do intend to invest internationally in 2012.
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By GlobalData
