Here's where billionaires are seeing the best investment opportunities in 2026

• Want to put similar a billionaire? UBS has you covered.

• The slope surveyed its billionaire clients, who said they're starting to thin distant from US assets.

• They're turning to markets successful Western Europe and China.

Over the past fewer months, we've written astir wherever billionaires unrecorded and however the uber-rich walk their money.

What astir however they invest?

A caller study from UBS has the answers. This year, the slope conducted its yearly survey of billionaire clients connected respective topics, including wherever they program to put their wealth for 12-month and five-year periods.

Optimism successful the adjacent word seems to beryllium highest astir 2 areas successful peculiar compared to 2024: Western Europe and China.

Forty percent of respondents said they spot accidental successful Western Europe implicit the adjacent 12 months, up from 18% successful 2024. For China, 34% of respondents spot accidental versus 11% past year.

The Asia Pacific region, excluding China, besides saw an 8 percent constituent leap successful interest, with 33% of respondents bullish.

On the flip side, North America has dipped the astir successful popularity. While 80% of respondents liked the portion successful the 2024 survey, conscionable 63% said they did successful 2025

The shifts successful sentiment are owed to a fig of risks that interest billionaires, the superior among them being tariffs.

Sixty-six percent of respondents cited tariffs arsenic 1 of the factors "most apt to negatively interaction the marketplace situation implicit 12 months." That was followed by a imaginable large geopolitical struggle astatine 63%, argumentation uncertainty astatine 59%, and higher ostentation astatine 44%.

"I bash not spot North America arsenic the apical concern destination, adjacent though its markets stay heavy and innovative," 1 of UBS's European clients said. "For us, geographic attraction creates risk, and the amended accidental lies successful diversification. We similar to displacement absorption toward existent assets, which connection much tangible worth and extortion successful volatile oregon inflationary environments. Equities implicit bonds tin marque consciousness successful the existent cycle, but our attack emphasizes stableness and resilience alternatively than short-term marketplace moves."

Still, portion shorter-term outlooks person changed since past year, views for the adjacent 5 years person mostly stayed the aforesaid for astir regions compared to 2024.

The study besides shared which assets precisely billionaire investors program to enactment their wealth into.

Private, not public, equity was the astir communal plus wherever respondents said they mean to enactment their wealth implicit the adjacent 12 months. Forty-nine percent said they program to person their wealth successful nonstop backstage equity investments.