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Data: UBS Global Wealth Management; Chart: Axios Visuals

High net worth individuals and business owners globally say they're getting more optimistic about the economy, but are still holding a large percentage of their wealth in cash, data from a third quarter UBS Global Wealth Management survey shows.

By the numbers: The survey polled more than 4,600 wealthy investors and entrepreneurs in 18 countries.

  • Wealthy U.S. investors are putting more of their money into instruments like stocks and bonds while holding 21% of holdings in cash.
  • Globally, investors have 27% of holdings in cash, "much higher than the percentage typically recommended," UBS analysts note. Still, 34% say they are shifting more into cash.
  • 53% of respondents expressed optimism on the global economy and 61% on their own region’s economy.

Go deeper

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Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

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Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

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Illustration: Sarah Grillo/Axios

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