Analysing the 2026 GCC Fiscal Outlook thumbnail

Analysing the 2026 GCC Fiscal Outlook

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Over the last couple of months, we have actually blogged about where billionaires live and how the uber-rich invest their cash. What about how they invest? A brand-new report from UBS has the answers. This year, the bank performed its annual survey of billionaire customers on several topics, including where they prepare to invest their cash for 12-month and five-year durations.

Forty percent of participants said they see chance in Western Europe over the next 12 months, up from 18% in 2024. For China, 34% of respondents see chance versus 11% last year. The Asia Pacific region, excluding China, also saw an eight percentage point dive in interest, with 33% of respondents bullish.

That was followed by a possible major geopolitical dispute at 63%, policy uncertainty at 59%, and higher inflation at 44%."I do not see North America as the leading financial investment destination, even though its markets remain deep and ingenious," one of UBS's European clients stated.

We prefer to shift focus toward real assets, which offer more tangible worth and protection in unpredictable or inflationary environments. Equities over bonds can make sense in the present cycle, but our approach emphasizes stability and strength rather than short-term market moves."Still, while shorter-term outlooks have changed given that last year, views for the next 5 years have actually typically remained the same for many regions compared to 2024.

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Personal, not public, equity was the most common asset where participants stated they intend to put their cash over the next 12 months. Forty-nine percent stated they prepare to have their cash in direct personal equity financial investments. The next most common places to invest were in hedge funds and public industrialized market equities, both at 43%.

ANSR July GCC PRs 50DR+ANSR July GCC PRs 50DR+


At the same time, participants also revealed greater objectives of pulling their cash out of personal equity than publicly traded stocks. UBS Examples of funds that offer direct exposure to the general public possessions billionaire financiers are most bullish on for the year ahead include the iShares MSCI Eurozone ETF (EZU), iShares MSCI China ETF (MCHI), the Global XEmerging Markets ex-China ETF (EMM), and the Lead Tax Managed Fund FTSE Established Markets ETF (VEA).

Stacked bar chart revealing cumulative ETF circulations (in billions of dollars) by country from 2015 to 2026. Each bar represents a year, with sections for Brazil, Mexico, South Korea, China, Germany, Japan, Taiwan, and India.

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Strong inflows continue in 2023 and 2024, with noteworthy contributions from Japan and India. After a smaller positive year in 2025, inflows rise once again to begin 2026, led by South Korea and Japan.

AI is not just an US story. This huge costs on AI infrastructure has actually helped create service growth around the world.

(Some worldwide stocks do not have shares or ADRs listed on United States exchanges. Based on business' costs strategies, these capital flows are expected to continue in the coming months, Fidelity managers state.

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"Japanese companies have actually been leaders in supplying foundational base products and packaging-related innovations that are helping sustain the innovation happening in the semiconductor industry," states Masaki Nakamura, supervisor of the (). One company that has actually illustrated this style is (),4 a leader in products utilized in chip fabrication and product packaging.

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Another business that has actually benefited is (),6 a semiconductor provider whose products support a broad series of electronic and commercial applications.

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