LGBT investors in the US are feeling more optimistic than other investors about the country’s economic outlook and their own personal finances following the US Supreme court ruling overthrowing the federal Defense of Marriage Law (DOMA), according to a special edition of UBS Investor Watch.

The report says that this optimistic outlook is visible in both LGBT investors’ long-term perspective (67% v. 57%) and their mid-term view (63% v. 49%) of the economy compared to other investors.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Regarding their own personal finances, 59% of LGBT investors said they were extremely or very confident they would meet their financial goals, compared to 52% of other investors.

However, while 48% of LGBT investors feel that the DOMA decision would have a positive impact on their financial security, the community still has more personal financial concerns than investors as a whole.

Some of those concerns are unique to their community, such as being able to find LGBT-friendly long-term care facilities, and marriage equality, the survey found.

"LGBT investors are more optimistic than other investors about both the US economy and their own personal finances, likely in part due to DOMA," said Emily Pachuta, head of investor insights at UBS Wealth Management Americas (WMA).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"But we also see that LGBT investors are more worried about the personal financial issues they share with other investors like having enough money set aside for retirement. Plus they have additional concerns that are unique to the LGBT community such as being able to find an LGBT-friendly long-term care facility when they get older," Pachuta said.

UBS Investor Watch is a quarterly publication analyzing investor sentiment and behaviour.

Nearly 500 investors who self-identified as members of the Lesbian, Gay, Bisexual, and Transgender community, and 2,000 other investors participated in the survey.